The market shock prompted significant derivatives liquidations and dragged major tokens lower before prices settled into tight ranges. U.S. spot Bitcoin and Ether exchange-traded funds recorded major single-day redemptions, breaking multi-day streaks of investor inflows. Despite the disruption, broader crypto market capitalization crept upward to $2.62 trillion as exchange operations normalized. Analysts warn that external economic catalysts, such as impending central bank interest rate decisions, could drive the next phase of volatility.
Key points
Market analysts view $77,500 as an immediate support level to monitor for Bitcoin's price…: Market analysts view $77,500 as an immediate support level to monitor for Bitcoin's price stability.
Institutional sentiment cooled as both Bitcoin and Ether exchange-traded funds experience…: Institutional sentiment cooled as both Bitcoin and Ether exchange-traded funds experienced substantial weekly net capital outflows.
Upcoming U.S. midterm elections, central bank rate decisions, and jobs data remain critic…: Upcoming U.S. midterm elections, central bank rate decisions, and jobs data remain critical drivers for future crypto market momentum.
Sources checked by our analysis pipeline: 1
In the past 24 hours, Bitcoin and Ethereum were up 0.06% and 1.03% respectively. Among the major altcoins, BNB, Solana, Hyperliquid, Dogecoin, Hyperliquid and Cardano corrected upto 1.34% whereas XRP and Tron were up 0.04% and 1.75% respectively.
CoinSwitch Markets Desk said broader macroeconomic uncertainty and cautious risk appetite continued to influence investor positioning and going forward, BTC's near-term trajectory will likely depend on institutional demand, broader market sentiment and developments in the global macroeconomic environment.
Prateek Gupta, Head of business, Mudrex said Bitcoin is trading around $77,700 after briefly falling to $76,400 on Friday, its lowest level since mid-September, as the $6.3 billion Binance hack triggered fresh uncertainty across crypto markets.
Gupta further said that the incident led to nearly $1.57 billion in futures liquidations, although Binance says 95% of affected assets have been covered. Institutional sentiment has also weakened, with US spot Bitcoin ETFs recording $643 million in outflows on Friday, ending a four-day inflow streak and taking weekly net outflows to around $202 million
The global crypto market capitalisation went up 0.02% to $2.62 trillion, according to…
Strong quarterly earnings and aggressive order intake are reinforcing the state-owned firm's market momentum, positioning it for a fifth straight year of annual gains. Rapidly expanding profitability margins reflect solid execution across its core engineering projects. With substantial contract wins replenishing its backlog, the enterprise is effectively positioning itself to capture wider global and energy transition demands.
The investment bank has updated its regional equity focus by placing a pair of company shares onto its targeted European Conviction List. This selection reflects the firm's highest-conviction ideas across European markets to help guide institutional client strategies. The adjustment demonstrates ongoing portfolio review and active positioning within the region's equity landscape.
Investors responded positively after Donald Trump signaled the possibility of an agreement covering cross-border commerce with Canada. The remarks helped boost sentiment across Canadian equity derivatives ahead of the opening bell. Market participants are monitoring the situation closely to see how bilateral negotiations might take shape.