Bitcoin dropped this Saturday to $65,884, down 2.3% on the day. Ethereum followed to $1,931, wiping out a large portion of the week’s gains. Weekly performance is now negative at -3.1%, canceling out the rebound seen on Thursday.
This pullback is explained by profit-taking after Thursday’s rebound, but also by persistent concerns over global liquidity. Asian markets opened lower, and cryptocurrencies followed this trend. No specific event triggered this sell-off, but overall sentiment remains fragile.
For investors, today confirms that the crypto market remains dominated by uncertainty. Technical thresholds like $65,000 are being tested without conviction. With the weekend approaching, reduced liquidity could amplify moves, making the next sessions crucial in determining March’s trend.
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Historical Context
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