Bitcoin Holds Key Support as Crypto Market Lags Global Stock Rally

Bitcoin dropped to $75,498 during Tuesday’s Asian trading session, extending the recent disconnect between cryptocurrency markets and the global equity rally that pushed stocks to fresh record highs. While traditional markets continue climbing, major digital assets remain under pressure as traders closely monitor key technical signals.

According to CoinDesk data, XRP, Ethereum, and Solana each declined by nearly 1% over the past 24 hours. Zcash (ZEC) posted the sharpest loss among the top cryptocurrencies, falling 9% to $564. Hyperliquid (HYPE) outperformed the broader market, rising 1.4% to $59.99 and moving closer to Dogecoin in overall market capitalization. Tron (TRX) has also shown resilience, steadily gaining over the past week while most large-cap tokens traded sideways.

Market analysts are now focused on Bitcoin’s technical setup. FXPro analyst Alex Kuptsikevich noted that BTC is finding support near its rising 50-day moving average, while the 200-day moving average acted as resistance earlier this month. The two indicators are approaching a potential “golden cross,” a bullish chart pattern that often signals stronger upside momentum. Analysts warn that a breakout above or below these levels could determine the direction of the crypto market in the coming weeks.

However, investor flows paint a more cautious picture. Data from CryptoOnchain shows U.S. spot Bitcoin ETFs recorded $1.74 billion in net outflows over the past two weeks. At the same time, retail traders continue increasing leverage exposure, a trend that has historically led to sharp liquidation events during market reversals.

Ethereum is also under close watch. LMAX Group strategist Joel Kruger said ETH continues struggling near the critical $2,400 resistance level. A strong daily close above that zone could trigger renewed institutional interest and improve overall crypto market sentiment.

Meanwhile, the U.S. Securities and Exchange Commission approved options trading tied to a Bitcoin index sourced from multiple exchanges, marking another step toward broader institutional crypto adoption.