Bitcoin Price Struggles Amid Weak Sentiment and Macro Uncertainty

The global cryptocurrency market has been facing challenges in recent times, and the latest numbers suggest that Bitcoin's price is struggling to gain momentum.

According to data, the world's largest cryptocurrency by market capitalization has been trading around $68,700 (approximately Rs. 65.03 lakh) on Friday, down 1.92 percent from its value in the past 24 hours.

The price action is being attributed to cautious positioning by investors, who are waiting for clearer signals before making any decisions. This sentiment is also reflected in the broader market, with Ethereum trading near $2,000 (approximately Rs. 1.9 lakh).

Analysts note that institutional flows have turned uneven, with a net outflow of approximately $129 million (roughly Rs. 1,221 crore) in recent days. This is despite the fact that the supply of Bitcoin on exchanges has dropped, pointing to a structural reduction of around $52 billion (approximately Rs. 4,92,336 crore).

Meanwhile, stablecoin supply has risen to $316 billion (approximately Rs. 29,91,888 crore), indicating capital waiting on the sidelines.