The week is ending on a note of moderate consolidation for the two largest cryptocurrencies. Bitcoin (BTC) is currently trading at $68,986, slightly off last week’s peak, while Ether (ETH) is steady at $2,109. The market has broadly lacked strong catalysts, with trading volumes remaining below the 30-day average. Altcoins, with the exception of a few AI and real-world assets (RWA) projects, have followed BTC’s downward drift. Analysis: Between Macro Caution and Technical Signals Several factors explain this sideways movement. First, the macroeconomic environment remains uncertain. The latest Federal Reserve minutes, released Wednesday, reaffirmed a cautious stance on interest rates, with members divided on the need for a cut in May. This lack of clear direction weighs on risk assets, including crypto. Second, the market is seeing a rotation of capital: investors appear to prefer locking in profits after March’s rally rather than taking on new risks. BTC has tested the $68,000 support level multiple times without breaking it decisively, suggesting some resilience. For ETH, the $2,100 level is acting as a psychological floor, but the $2,200 resistance has not been breached due to low volume. Finally, spot Bitcoin ETF flows in the U.S. have been mixed: after net inflows early in the week, two days of moderate outflows cooled enthusiasm. On the Ethereum side, ETFs continue to see negligible flows, signaling that institutional interest remains concentrated on BTC. Outlook: What to Watch Next Week The week ahead will be crucial. Two major macro events are on the horizon: the release of the …
