Bitcoin Dips Below $66K as Bearish Sentiment Intensifies
Bitcoin continued its slide on Monday, slipping below the $66,000 mark to trade at $66,036, a 1.8% decline on the day. ETH was not spared, falling to $1,939. While BTC’s weekly performance remains marginally positive at +0.5%, the daily trend is clearly bearish. This marks the third consecutive day of losses, signaling a sharp shift in sentiment from the previous week. The pullback comes amid heightened caution in financial markets. Persistent fears over inflation and interest rates continue to weigh on risk assets, with cryptocurrencies often the first to be sold off during periods of uncertainty. The fact that the decline is continuing on a Monday, when trading volumes typically pick up, is a negative signal. Investors appear hesitant to buy at these levels, preferring to wait for clearer directional cues. For market observers, this session confirms that the crypto market is in a correction phase. After hitting recent highs, BTC and ETH are facing selling pressure that could intensify if macroeconomic conditions do not improve. The key question now is whether Bitcoin will find solid support around $65,000 or if the sell-off will accelerate. The next few days will be decisive for the market’s short-term direction.
