Bitcoin dipped to $73,000 despite ETF inflows and shrinking exchange reserves, failing to maintain momentum after touching $83,000 in May. Ethereum also faced pressure, trading below $2,000. While short-term technicals remain cautious, long-term holder accumulation and scaling developments support broader market structure.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest