The new week begins with crypto back under pressure. After briefly stabilizing near $70,000, Bitcoin has slipped again, and sentiment remains deeply negative despite slightly better inflation data at the end of last week.
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Bitcoin Struggles To Hold Ground
Bitcoin is trading around $68,700, down 3% today. Over the past week, however, it is only down about 2%, reflecting how volatile but mostly sideways trading has been.
Last week saw several sharp moves in both directions. Despite the swings, Bitcoin largely stabilized around the same levels where it started the week. Still, it remains down more than 20% since the beginning of the year, putting Q1 on track to be one of the weakest in recent years.
Read also: Bitcoin Jumps 6%, Ethereum Reclaims $2K After Inflation Surprise
Ethereum Falls Back Below $2,000
Ethereum has dropped below the $2,000 level again. It is down 5% today and roughly 4% over the past week.
The broader picture remains difficult for ETH. Over the last month, it has fallen around 40%, making it one of the weaker large-cap assets during this correction. Attempts to reclaim higher levels have so far been short-lived.
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XRP And Solana See Strong Daily Moves
XRP is down 11% today, trading near $1.46. Despite today’s drop, it is still up about 3% over the past week, showing that recent volatility has been two-sided.
Solana has fallen 6% today and is trading around $85. Over the week, however, it has changed little overall. Price action continues to show hesitation, with no strong momentum in either direction.
Read also: Solana Falls to 7th Place as USDC Overtakes in Market Cap
Market Cap Slides To $2.34T Despite Softer Inflation
The total crypto market cap stands at $2.34T. The market has struggled continue building on Friday’s bounce, which followed lower-than-expected inflation data. January CPI came in slightly below forecasts, which briefly eased pressure on risk assets, including crypto.
However, the relief was limited, and broader macro uncertainty continues to weigh on sentiment. This week, markets are watching the PCE inflation report and the Federal Reserve meeting minutes, both of which could influence expectations around interest rates.
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Sentiment Stays In Extreme Fear
The Fear and Greed Index is at 12, signaling extreme fear. While this is slightly higher than some of the lowest readings seen in recent days, sentiment remains firmly negative.
The CoinMarketCap equivalent index also stands at 12, confirming the cautious mood across the market. Extreme fear levels have historically appeared during major corrections, but over the last few months, they have persisted due to uncertainty remaining high.
Read also: Historic Sentiment Crash: Fear and Greed Index Hits Single Digits
Looking Ahead
Crypto markets enter the week on unstable footing. Bitcoin remains rangebound but fragile, Ethereum is struggling below key psychological levels, and sentiment is still deeply negative.
While last week’s inflation data offered brief relief, the broader environment remains tense. With key economic reports ahead, volatility is likely to continue.
