BCGAME - Free 5BTC Daily Bonus!- Bitcoin is currently trading below $61.
- Bitcoin ETFs continue to put pressure on the market.
Bitcoin continues to struggle to recover ground after the recent market correction. The world's largest cryptocurrency is trading around $60.709, registering a daily drop of approximately 3%, but still accumulating a 6,1% decline over the last seven days.
The attempted recovery seen in recent sessions was not enough to return the asset to the $63.000 region. After reaching levels close to $66.000 previously, BTC lost momentum and began trading below the psychological mark of $61.000, indicating that sellers continue to exert influence on prices.
Despite the slight daily increase, the weekly performance shows that the market is still seeking stability. The trading volume in the last 24 hours exceeds US$27 billion, while Bitcoin's market capitalization remains close to US$1,23 trillion.
Part of the pressure observed on BTC coincides with a period of caution in global financial markets. Recent profit-taking in AI-related stocks has affected important Wall Street indices and contributed to a more defensive stance among investors.
Furthermore, outflows recorded by Bitcoin spot ETFs continue to be closely monitored by market participants. Reduced institutional interest may limit more consistent recovery movements in the short term.
Among the major cryptocurrencies, performance remains mixed. Ethereum (ETH) is trading near $1.640, down 2% daily, but has accumulated a 6,2% drop for the week. BNB is down 1% today, while XRP is down 3%.
Other assets also showed positive performance, including JUP, AVAX, XMR, and SUI. As a result, the total cryptocurrency market capitalization showed a slight recovery in the last 24 hours, although the sector is still operating below the levels seen before the recent correction.
