Crypto Market Pulls Back as Bitcoin and Ethereum Dip

Major digital assets posted broad declines over the past 24 hours amid macroeconomic pressure, according to data from CoinMarketCap cited by APA-Economics. Bitcoin slipped 1.59% to $77,459.47, while Ethereum fell 2.50% to trade at $2,411.26.

Downside pressure extended across the board, with BNB dropping 0.90% to $687.23, Zcash retreating 2.32% to $837.14, and Bittensor losing 4.55% to $220.05. Gold-backed tokens also softened, as PAX Gold declined 2.83% to $4,312.87 and Tether Gold dropped 2.88% to $4,303.51. The broader CoinMarketCap 20 Index fell 1.60% to 158.58 points.

The downturn reflects dampening risk appetite driven by expectations that US interest rates may remain elevated for longer, alongside widespread profit-taking by institutional and retail investors following recent rallies.