This Monday, March 23, Bitcoin continues its descent to $67,849, losing 1.3% on the day. The weekly decline accelerates to 6.6%, a level that worries investors. Ether, at $2,053, falls more modestly, showing relative resilience. Trading is calm at this start of the week, but the trend remains bearish, with no sign of an immediate rebound.
The macroeconomic context weighs heavily. European and Asian equity markets are down, fueled by concerns about global growth. Bitcoin, sensitive to these fluctuations, experiences selling from traders seeking to limit their losses. Additionally, flows into spot Bitcoin ETFs are slowing, a sign of weakening institutional demand. This lack of support weakens the price.
For investors, this Monday is a difficult day. The $68,000 support has been broken, and the next target is $67,000. If the decline continues, a test of $65,000 is possible this week. Ether, though holding up better, remains below $2,100. The only positive note: volumes are not exploding, suggesting no panic selling. However, if the macroeconomic context doesn’t improve, the correction could deepen. Traders are watching for any catalyst that could reverse the trend.
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