Bitcoin hovers near the $63,000 mark as weaker ETF demand and cancelled SEC meeting dampen the crypto market sentiment. The cryptocurrency was trading near the $63,086 mark.

3% respectively. 24 trillion, according to Coingecko.

0%). Sehgal further said the cancellation of the SEC’s scheduled crypto-rule meeting removed a potential near-term catalyst, while recent spot Bitcoin ETF outflows indicate that institutional buying momentum has cooled.

However, the absence of aggressive downside acceleration is equally important. 6% respectively.

5K acting as the main resistance zone. Ethereum held around 1,870-1,885, with 1,850-1,870 as support and 1,900-1,925 as immediate resistance.

6% in July after record low. Is sentiment towards tech improving?

Here is what other analyst sayHarish Vatnani, Head of Trade, ZebPay: Bitcoin and the broader cryptocurrency market continue to trade with subdued momentum, as BTC remains range-bound between $62,000 and $66,000. Uncertainty surrounding global macroeconomic conditions and geopolitical developments has kept traders cautious, limiting fresh participation and resulting in low market volatility.

Ethereum is trading near the $1,885 mark after recovering from recent lows, but it continues to face strong resistance in the $1,950–2,000 zone. Despite repeated rejection near these levels, buyers remain active on dips, indicating that underlying demand is still intact.