Bitcoin and the broader crypto market faced another challenging start to the week, continuing a trend of sluggish movement and declining values. On Monday, March 10, Bitcoin saw a 3.88% dip, trading at $82,680 (roughly Rs. 72 lakh) on international exchanges. Indian exchanges reflected a similar downward trend, with BTC dropping 3.30% to $88,563 (roughly Rs. 77.2 lakh).

Despite a recovery trend, Bitcoin’s price remains volatile, with major resistance at $89,400 (roughly Rs. 77.9 lakh) and support at $80,000 (roughly Rs. 69.7 lakh). Market analysts note that buying interest from retail investors is present, yet caution is advised as volatility remains at its highest since December.

Ether also faced significant losses, declining 5.50% over the last 24 hours. The second-largest cryptocurrency is currently trading at $2,067 (roughly Rs. 1.80 lakh) on international platforms and $2,234 (roughly Rs. 1.94 lakh) on Indian exchanges. Over the weekend, bearish sentiment dominated, causing uncertainty among traders and pushing crypto prices closer to monthly lows. While some assets attempted to recover, the market remains in a fragile state with extreme fear influencing trading behavior.

The global crypto market cap has also suffered, recording a 4.35% drop in the past 24 hours, bringing it down to $2.7 trillion (roughly Rs. 2,35,48,050 crore). Market sentiment suggests that traders are wary of further downside risks, though some assets, including USD Coin, Leo, Iota, and Status, managed to sustain minor gains amid the market turmoil.

Short-term volatility is expected, as with any emerging market, but industry leaders remain optimistic about the long-term outlook. Institutional and retail investors continue to show interest in crypto, and each regulatory milestone brings the market closer to stability. Despite current setbacks, experts believe that digital assets will see a more structured and sustainable future.