Home
Cryptocurrency
Cryptocurrency News
Bitcoin Holds Near $73,500 as Weak Momentum Keeps Crypto Markets Range Bound

Bitcoin Holds Near $73,500 as Weak Momentum Keeps Crypto Markets Range-Bound

Whale selling and cautious investor sentiment continued to limit upside across crypto assets.

Written by Rahul Dhingra, Edited by David Delima | Updated: 29 May 2026 13:48 IST

Bitcoin Holds Near $73,500 as Weak Momentum Keeps Crypto Markets Range-Bound

Photo Credit: Unsplash/Galina Nelyubova

Bitcoin struggled below key resistance as investors balanced ETF demand and economic uncertainty.

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Whale outflows hit their highest level since February
Bitcoin dominance remained above 60 percent amid caution
Traders tracked inflation data and Treasury yield trends

Bitcoin traded near $73,500 (roughly Rs. 70.2 lakh) on Friday, as the cryptocurrency market remained subdued amidst weak buying momentum and continued macroeconomic uncertainty. The world's largest cryptocurrency was priced around $73,500 (roughly Rs. 70.2 lakh), based on today's market data. Ethereum (ETH) was trading near $2,000 (roughly Rs. 1.92 lakh), reflecting mixed movement across the broader crypto market. Bitcoin is currently priced around Rs. 70 lakh in India, while Ethereum trades near Rs. 1.92 lakh, as per today's Gadgets 360 price tracker.

Analysts noted that while institutional demand remains supportive through ETF inflows, macroeconomic concerns and persistent whale selling have limited stronger upside momentum.

Bitcoin Remains Under Pressure Due to Whale Selling, Macro Uncertainty

Major altcoins traded mixed on Friday, with selective gains emerging despite the broader market's cautious tone. Binance Coin (BNB) was priced around $637.07 (roughly Rs. 60,770), while Solana (SOL) traded near $82.01 (roughly Rs. 7,820). XRP hovered around $1.31 (roughly Rs. 125), and Dogecoin (DOGE) traded near $0.09 (roughly Rs. 9.5), indicating limited participation outside large-cap assets.

SKP Linked Liquidity Routes Exploited Worth $212,000 Across BNB Chain

Explaining the latest market setup, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “Bitcoin is trading around $73,500 (roughly Rs. 70.2 lakh) as the market continues to lack strong buying momentum. Selling pressure remains elevated, with whale outflows reaching 648,000 BTC, the highest level seen since February [...] Historically, sharp increases in ‘buy the dip' sentiment can indicate that markets have not fully stabilised.”

Providing a broader assessment of current market conditions, Vikram Subburaj, CEO, Giottus.com, said, “The market is moving sideways as investors balance strong institutional demand with uncertainty around the broader economy [...] Investors should avoid chasing short-term rallies until Bitcoin establishes a sustained move above $75,000 (roughly Rs. 71.5 lakh). Focus on fundamentally strong assets, build positions gradually, and keep risk management at the forefront while markets remain driven by ETF flows and upcoming US economic data.”

Sharing a technical perspective on current price action, Riya Sehgal, Research Analyst, Delta Exchange, said, “Crypto markets are still trading with a cautious tone on May 29, with Bitcoin near $73,300 (roughly Rs. 69.9 lakh) and Ethereum around $2,005 (roughly Rs. 1.91 lakh). The pressure is mainly coming from weak risk sentiment after the latest US-Iran escalation, higher crude oil prices, continued ETF outflows, and heavy positioning in derivatives.”

Overall, analysts said the crypto market remains trapped in a cautious consolidation phase as investors weigh institutional demand against macroeconomic uncertainty and geopolitical risks. Bitcoin's ability to defend the $72,250-$73,000 (roughly Rs. 68.9 lakh–Rs. 69.6 lakh) support zone and reclaim the $75,000 (roughly Rs. 71.5 lakh) resistance level will remain key to determining near-term market direction.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Crypto Markets, Crypto Prices, Cryptocurrency, Bitcoin, Ethereum

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More