Bitcoin (BTC) trades in lockstep around the initial $78,000 psychological support on Monday. This consolidation follows a sharp correction last week, triggered by investor reaction to the $6.3 billion Binance hack. Meanwhile, Ethereum (ETH) trades near $2,300, ticking up for the third straight day. Despite the subtle recovery from support around $2,200, caution remains dominant among traders, given key structural hurdles likely to limit ETH’s potential.

Ripple (XRP), on the other hand, is consolidating marginally above the  $1.25 demand area as bulls eye a short-term recovery toward the next hurdle in the $1.30-$1.33 range.

Market sentiment falters, limiting recovery potential

Appetite for digital assets took a major hit following the…