Crypto Markets Stay Volatile as Bitcoin Holds Key Range
Cryptocurrency markets continued to exhibit volatility, with Bitcoin finding some stability near $68,400 after its unsuccessful attempt to hold above the $70,000 mark. The flagship token saw a short decline below 68,000, but quickly recovered to 68,500, as it has been fluctuating within a stable range of 65,000 to 70,000 over the past ten days. The digital asset is facing challenges, currently trading beneath its 50- and 100-day moving averages, a scenario that indicates weak momentum. Meanwhile, the Fear & Greed Index has increased to 13 from 8 last week, reflecting continued caution among traders. On-chain data shows that there is ongoing accumulation of significant assets, hinting at the potential for a short squeeze approaching. Akshat Siddhant reported that demand remains steady, with Ether accumulation addresses adding over 2.5 million in February, while Bitcoin accumulators hold more than 372,000.
Bitcoin experienced a short rise to $70,067 but failed to sustain its upward movement. As of the latest update, Bitcoin was priced at approximately $68,383, reflecting a slight increase of 0.02 percent, with a 24-hour trading volume reported at $33.61 billion, as per sources. Throughout this timeframe, the value fluctuated between 67,301 and 70,067. The asset is currently valued at over 45 per cent less than its peak of $126,198 achieved on October 7, 2025. Its market capitalisation has fallen below $2 trillion, currently at $1.36 trillion, but it still retains the title of the largest cryptocurrency by market value. From a technical standpoint, Siddhant observed, “A strong push and close above a key level could trigger bullish momentum and attract fresh inflows, while another level continues to act as a solid base.” It is highlighted liquidation activity between $69,500 and $70,000, suggesting that this zone could attract attention if buying pressure rises.
“On the downside, support liquidity remains around $66,000–$67,000, likely providing a buffer for the market against increased volatility,” the desk stated. Ethereum is currently on a recovery path, showing an increase of 0.88 percent, trading at $1,981. In the last 24 hours, the asset experienced fluctuations ranging from 1,938 to 2,021, accompanied by a trading volume of 19.26 billion. Despite slight improvements, Harish Vatnani pointed out that ETH continues to be firmly positioned within a bearish framework on the daily chart. The drop below the important $2,200 support level has confirmed ongoing weakness, with no clear signs of a bullish reversal, such as higher highs or consistent movements above resistance. In recent sessions, there has been sideways movement following a significant decline, establishing a consolidation pattern just beneath the previous support level, which is now functioning as resistance. A symmetrical triangle is forming on the daily chart.
“For any bullish continuation, ETH must first break out above the triangle resistance and reclaim $2,200 with strong daily closes and increasing volume.” Vatnani stated “In the absence of this, upward movements are expected to be temporary recoveries within a larger downward trend.” He further added that a break below triangle support on strong selling volume could trigger the next downtrend, bringing lower support zones into focus and heightening volatility. The altcoin segment displayed a diverse range of outcomes. Top gainers featured a variety of cryptocurrencies, surging by as much as 12 percent. Conversely, several cryptocurrencies faced significant pressure, with declines reaching up to 15 percent.
