The market is under pressure — prices are correlated with risk assets

Bitcoin (BTC) and Ethereum (ETH) showed declines or moderate cooling throughout the day after recent gains — during trading, BTC is around ~$67–68K, ETH close to ~$2 000.

The correction in the crypto market is partly related to the decline of the tech sector and Nasdaq, which includes major tech stocks.
Despite a rebound earlier in the week, the current sentiment remains cautious.

📈 However, there have also been enough upward movements
A strong rally the day before led to the liquidation of a large number of short positions (over $400 million), when BTC broke through the ~$69 000 level and ETH strengthened its rebound.
At certain moments during the day, BTC tested the $70 000 level, and major altcoins (SOL, ADA) showed stronger percentage gains.
Some analysts point to a potential reversal zone and growing interest from institutional investors through ETF inflows.

😨 Sentiment and forecasts

Trader sentiment indicators point to "extreme fear," but there are signals that this could be a potential turning point.

Analysts are divided: some see the correction continuing, others see signs of a new upward movement after a technical rebound.

🧠 Other news from the crypto world

On the technical front, discussions are underway about developing standards such as (ERC-8004 for improved agent economics in the Ethereum ecosystem).

Market leaders are working on new technologies and security measures, for example, the Ethereum Foundation is actively researching protection against quantum threats(.

📊 What’s important to remember

The cryptocurrency market remains highly volatile and depends both on internal technical dynamics )liquidations, support/resistance levels(, and external factors )global stock markets, tech sentiment(.
Short-term uncertainty persists, but some players see prerequisites for a more sustainable recovery if key levels are maintained.