Bitcoin Wavers Below $70K as Crypto Market Struggles for Momentum

The Bitcoin price curve bounced off the $71,000 mark over the weekend and is now hovering around $68,000. The trend was repeated for Ethereum. Bitcoin is searching for support

A difficult start to the new week: Bitcoin was trading around $68,000 on Monday morning, failing to confirm a temporary breakout to $71,000. Ethereum experienced a similar scenario, testing the $2,100 mark before falling back to just over $1,900. Among the major cryptocurrencies, only XRP (Ripple) managed a small weekly gain of 2 percent, reaching prices of around $1.45. Bitcoin and the crypto market are searching for signs that could justify sustained gains – so far largely without success.

ETFs for Bitcoin and Ethereum were significantly down last week

Inflation data released in the US on Friday came in slightly better than expected, with January’s figure reaching 2.4 percent instead of the projected 2.5 percent.

However, this rate remains above the Federal Reserve’s target of 2 percent, making a hoped-for interest rate cut seem unlikely at present. Bitcoin ETFs closed last week with a capital outflow of $360 million, according to data from SoSo, offering little encouragement. Ethereum ETFs showed a similar trend, with a net outflow of $161 million last week.

Among leading altcoins, XRP (Ripple) surprises with a small weekly gain

The XRP ETFs, at least, saw a small increase of $7.7 million in capital flow, which likely helped the Ripple altcoin to perform better than Bitcoin and Ethereum. However, that alone is not enough to reverse trends. As recently as the summer of 2025, the optimistic theory circulated that Bitcoin could consider the $100,000 mark “cemented” as a downside support level – reality has long since disproven such assumptions.

Conclusion: Bitcoin appears exhausted, Ethereum, XRP and others are searching for direction

Bitcoin, the leading cryptocurrency, has become accustomed to setting the pace for leading altcoins, from Ethereum and XRP to Solana and Cardano. However, Bitcoin is currently falling short in this regard; its price curve is slowly but steadily declining, and upward spikes, like those seen over the weekend, quickly collapse.

This has reinforced the view among analysts that Bitcoin currently faces more risks than opportunities. A rapid trend reversal, however, would require catalysts from which Bitcoin could draw strength. As long as these are lacking, Ethereum, XRP, and other altcoins will struggle to build their own momentum.

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(Featured image by Amjith S via Unsplash)

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