Kuala Lumpur,El Sky News Bitcoin (BTC) showed renewed strength on Wednesday night, climbing back above the $67,000 level after earlier slipping, but the broader crypto market remained under pressure as several major altcoins led declines.
Despite recovering from an intra-day low of around $65,900, Bitcoin still traded modestly lower on the day, finishing around $67,300, down about 1% in the last 24 hours. Retail investor sentiment on crypto social platforms flipped from bearish to bullish, though many traders remain cautious about the near-term outlook.
Solana (SOL) was the hardest hit among the top-cap cryptocurrencies, falling roughly 3.5% to around $80, while Ethereum (ETH) continued to struggle below the $2,000 mark. XRP also declined, sliding over 2% to around $1.37 in the latest trading session.
The broader crypto market capitalization dropped to approximately $2.38 trillion, reflecting weakness across digital assets. More than $460 million in leveraged crypto positions were liquidated in the past 24 hours, underscoring ongoing volatility and selling pressure.
Market sentiment remains mixed: while Bitcoin’s rebound above $67,000 offered some relief, many analysts and traders are watching closely to see whether the price will hold this level or continue to face downward pressure in the coming weeks.
