Bitcoin trades at $77,000 mark as profit-taking weighs on market; September FOMC meeting to act as next ca

trades near $77,000 mark after pullback from $78,000 mark with profit-taking and leverage flushes weighing on the market. The

was trading at $77,267 mark.

In the past 24 hours, Bitcoin was up 0.1% and Ethereum was up 2.1% to trade at $2,521 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin rallied upto 2% whereas Hyperliquid and Cardano were down respectively.

The global crypto market capitalisation was up 0.4% to $2.73 trillion, according to Coingecko.

Nischal Shetty, Founder, WazirX said Ethereum is holding relatively firm near $2,450, market sentiment remains in Greed, and Bitcoin continues to trade above its 200-week moving average.

“Markets are turning more cautious as sticky inflation gives the Fed less room to ease and has pushed expectations for a rate hike next week significantly higher.”

Technically, Bitcoin is at an important level. $76K is the immediate support, with $75.5K the level bulls really need to defend. Ethereum is holding the $2,400–$2,425 support band, while $2,500–$2,525 remains the immediate resistance, Shetty further said.

Over the last week, Bitcoin was down 2.9% and Ethereum was up 2.8%. Among the major altcoins, BNB and Tron were up 1.2% and 2.5% respectively whereas XRP, Solana, Hyperliquid, Dogecoin, and Cardano corrected upto 6.4%.