Crypto Market Enters Consolidation Phase Amid Cautious Sentiment

The cryptocurrency market has entered a period of consolidation, characterized by a mix of caution and resilience. This phase is marked by a stabilization in prices after a recent bout of volatility.

Bitcoin (BTC) is holding steady around the $68K mark, showing its ability to withstand temporary dips below $65K. In contrast, Ethereum (ETH) continues to face pressure near $2,000.

The market's trend has been influenced by its increasing correlation with traditional risk assets and macroeconomic trends. Regulatory uncertainty, particularly regarding U.S. stablecoin rules, remains a significant concern for traders.