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Bitcoin Hovers Near $67K as Crypto Markets Consolidate

Bitcoin Hovers Near $67K as Crypto Markets Consolidate

Leading altcoins retraced some of their gains from Wednesday.

Crypto markets dipped slightly on Thursday, with the total market cap dropping by about 2% over the past day to around $2.39 trillion.

Bitcoin (BTC) is trading near $67,000, down 2% over the past day but up 1% for the week, slightly below Wednesday’s peak.

BTC 24-hour price chart. Source: CoinGecko
BTC 24-hour price chart. Source: CoinGecko

Ethereum (ETH) slipped to $1,992, posting a 3% daily loss. Among other Top 10 assets, Solana (SOL) dropped 3.5%, XRP plunged 5%, and BNB fell 1.5%.

‘Constructive Return of Liquidity’

Analysts at glassnode noted in an X post today that “profit-taking continues to absorb momentum at the $70K threshold,” implying that this is consistent with a thin liquidity regime where even…

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