Crypto market capitalization remains flat at $2.26T while Bitcoin struggles to break above key technical resistance.
Bitcoin stalled at $65.5K, failing to breach the 61.8% Fibonacci retracement level after a recent rebound. The cryptocurrency’s price action has left the total market capitalization unchanged at $2.26 trillion since Tuesday’s close.
The consolidation contrasts with movements in foreign exchange and equity markets, which have shown no similar lull. Analysts note the resistance aligns with historical technical levels, though broader macroeconomic factors may also be influencing sentiment.
No immediate market reaction was observed, with trading volumes remaining steady amid the pause in momentum.