Crypto Market Cap Falls to $2.75 Trillion as Majors Slip

Global cryptocurrency market capitalization fell to $2.75 trillion. This represents a 1.2% decline over the past 24 hours. Trading volume stood at $95.24 billion. Bitcoin slipped to $78,218.90. Ethereum eased to $2,470.18. XRP dropped to $1.39. These moves reflect a broader cooling-off period across major digital assets.

Bitcoin remains trapped in a resistance zone between $80,000 and $82,000. Support holds firm between $73,000 and $75,000. Chart analysts cite an overbought signal on the 3-day RSI as a primary driver. A confirmed bearish divergence emerged roughly a week ago. This divergence followed Bitcoin’s recent short squeeze. These signals point to further consolidation or a mild pullback. A sharp reversal is not indicated by current data.

Liquidation Levels Define Near-Term Bitcoin Risk

Liquidation data identifies a critical level between $77,200 and $77,400. Additional liquidity sits below that near $76,100. A dip toward the $76,000 to $77,000 range is a plausible near-term scenario. This analysis assumes the broader multi-year trend remains intact. The current pullback aligns with technical indicators rather than structural failure. Market participants are watching these liquidity clusters closely.

Ethereum Faces Repeated Resistance Tests

Ethereum faces resistance around $2,520 to $2,530. Price has rejected this level multiple times in recent weeks. Analysts note that repeated tests without sharp rejection tend to weaken resistance. This increases the odds of an eventual breakout. However, a potential bearish divergence remains a risk. This risk materializes if Ethereum’s RSI fails to clear its prior high. The structural outlook remains bullish despite the current dip.

Treasury Actions Impact Risk Asset Sentiment

The US Treasury bought back $12.5 billion in short-term debt today. It is expected to repurchase up to $6 billion in long-term bonds tomorrow. This volume is triple the usual size. These moves aim to manage bond market liquidity and contain yields. This dynamic factors into broader risk asset sentiment. It interacts with crypto’s technical setup. XRP holds support between $1.30 and $1.40 on the weekly chart. Immediate support sits near $1.34 to $1.35. Resistance is located at $1.46 to $1.47. Bitcoin dominance has pulled back slightly. Altcoins may hold up better than Bitcoin during this cooling-off period. According to GN markets/crypto (en-US), these macro and technical factors combine to shape current price action.