BTC Slides Again, ETH Approaches $2,180 Amid Broader Market Weakness
This Sunday, BTC continued its slide, hitting $78,135, marking a 1.2% loss over 24 hours. ETH was not spared, falling to $2,180, a level not seen in several weeks. Over the week, BTC’s decline deepened to 3.2%, signaling persistent selling pressure. Weekends traditionally see lower liquidity in crypto markets, which tends to amplify price movements. This time, no major catalyst explains the drop, but the overall sentiment remains gloomy. Investors are digesting the latest U.S. economic data, particularly strong employment figures that reinforce the likelihood of a monetary policy status quo. In this climate, digital assets are suffering from a lack of risk appetite, with capital shifting towards safer investments like government bonds. For BTC holders, the $77,000 zone is becoming a key support level. A break below this could trigger an acceleration of sell-offs, while holding above it would provide a base for a technical rebound. ETH, for its part, is showing signs of relative weakness, with its ETH/BTC ratio deteriorating. The coming days, with the resumption of weekday trading, will be crucial in gauging the market’s direction.
