Summary of this article
Bitcoin, Ethereum fall as investors cautious amid geopolitical uncertainty global
Crypto market cap declines weekly; volatility persists after price swings
Bitcoin ETFs see heavy outflows; sentiment dampened by geopolitical risks
Cryptocurrencies began the week with modest declines as investors stayed cautious. Bitcoin, Ethereum, and other major tokens experienced fluctuating prices that show ongoing market volatility after last week’s swings.
The broader cryptocurrency market opened Monday under pressure, with investors showing caution. Bitcoin fell 0.79 per cent in the first 24 hours of trading and is down 5.76 per cent over the past week. Bitcoin hasn’t hit the $100,000 mark in over two months and is currently trading roughly 30 per cent below its all-time high of $126,198. Ethereum dropped 1.6 per cent on Monday, declining 10 per cent over the week, while Binance Coin edged lower by 1.1 per cent, down 6.12 per cent for the week.
Other major tokens recorded similar movements. XRP fell 0.69 per cent on Monday and is down 4.79 per cent for the week. Cardano slipped 1.92 per cent, declining 6.58 per cent, and Solana experienced the steepest drop among top cryptocurrencies, falling 3.6 per cent on Monday and down 8.87 per cent over the week.
According to CoinMarketCap, the cryptocurrency marketcap declined 0.94 per cent to $2.96 trillion over the past 24 hours. Over the week, the market is down 6.6 per cent, reflecting continued caution among investors.
Bloomberg reported that US-based spot Bitcoin exchange-traded funds (ETFs) saw five consecutive days of outflows totaling $1.7 billion last week, nearly offsetting inflows recorded over the previous four days. Analysts noted that Monday’s modest rebound was more of a pause than a big bounce, with trading flows remaining subdued.
Tony Sycamore, analyst at IG Australia, told Bloomberg that overall market sentiment remains cautious due to several geopolitical developments. These include President Donald Trump’s threat of 100 per cent tariffs on imports from Canada, reports of a large fleet of US warships heading toward Iran, and the increasing likelihood of another US government shutdown, all of which are influencing investor decisions in the cryptocurrency market.
