<div id="readability-page-1">Bitcoin slipped towards the $79,000 mark as rising US Treasury yields, renewed inflation worries and elevated oil prices weighed on sentiment across global risk assets. The cryptocurrency was trading at $78,799 mark.In the past 24 hours, Bitcoin slipped 2% and Ethereum fell 1% to trade at $2,217 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid, and Cardano slipped up to 8%. The global crypto market capitalisation edged down 2% to $2.63 trillion, according to CoinMarketCap. Also Read | Quant Mid Cap Fund exits Lenskart Solutions and 2 other stocks, adds SAIL in April Riya Sehgal, Research Analyst, Delta Exchange said that Bitcoin’s latest pullback appears to be part of a broader macro-led risk-off move. Technically, Bitcoin has again failed to build acceptance above the $82,000–$82,500 resistance band, which remains the key ceiling for momentum traders. <div><div>TOP COINS (₹) <div>Bitcoin7,519,690 (-2.86%)</div></div></div> Sehgal also said that as long as Bitcoin holds this region, the market can still treat the move as consolidation after a recovery; however, a clean break below $78,500 may expose the 200-EMA region near $77,800 and overall, crypto markets need confirmation from ETF flows, macro liquidity, yields and on-chain holder behaviour before the next directional trend becomes clearer. According to the data by CoinMarketCap, in the past week, Bitcoin fell 2% whereas Ethereum fell 4%. Among the major altcoins, XRP, Solana, Tron, Hyperliquid and Cardano went down up to 7% whereas BNB was up 2%. WazirX Market Desk said that Bitcoin traded mostly around the $79,000-$81,000 range this week, with sentiment staying constructive despite short-term volatility and RSI readings remained largely in the mid-50s to low-60s, indicating steady demand, while Ethereum held firm near $2,250-$2,345 with longer-term signals staying supportive. Also Read | Explained: What is US Senate’s CLARITY Act and why does it matter for crypto investors? Institutional activity continued to support confidence, with Bitcoin ETFs seeing strong inflows, regulatory optimism also improved after the U.S. Senate Banking Committee advanced the Clarity Act, WazirX Market Desk further said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.<div> (You can now subscribe to our ETMarkets WhatsApp channel) </div> (You can now subscribe to our ETMarkets WhatsApp channel) </div>

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Bitcoin has slipped towards $79,000, down 2% in the past 24 hours, as rising US Treasury yields and inflation concerns weigh on market sentiment. Ethereum also fell 1% to $2,217. The global crypto market cap decreased by 2% to $2.63 trillion. Analysts suggest that Bitcoin's pullback is part of a broader risk-off trend, with key resistance at $82,000–$82,500. Institutional activity remains supportive, with strong inflows into Bitcoin ETFs amid improved regulatory optimism.

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Bitcoin slips towards $79K as higher Treasury yields and oil prices pressure trigger risk-off sentiment