Bitcoin hovered around the $75,400 mark on Wednesday as the recovery momentum weakened below the key resistance level. The cryptocurrency was trading at the $75,467 mark, registering a decline of nearly 2% in the past 24 hours.Ethereum was trading at $2,069 mark after declining 1% in the past 24 hours. Among the major altcoins, BNB, XRP, Solana, Tron, Cardano fell up to 1% whereas Dogecoin and Hyperliquid were up 0.02% and 1% respectively.Also Read | How to rebalance mutual funds, FDs & PF investments before retirement? Expert shares roadmap Crypto TrackerTOP COINS (₹) 96 (0.31%)62,483 (-0.53%)198,640 (-0.77%)127 (-0.89%)7,240,094 (-1.22%)Vikram Subburaj, CEO, Giottus said the market struggled to move back above the important $78,000-$80,000 zone even as geopolitical sentiment improved and global risk assets stabilised. Bitcoin trading near $75,750-$75,900 during the session, with market capitalisation hovering around $1.5 trillion and 24-hour trading volume above $25 billionSubburaj further said for Bitcoin to see a stronger recovery, it would likely need to move back above the $78,000-$80,000 range. ETF inflows also need to stabilise, while pressure from Treasury yields and inflation expectations should ease further. Until then, market positioning may continue to remain cautious rather than aggressive.The global crypto market capitalisation edged down 1% to $2.52 trillion, according to CoinMarketCap. The crypto market is experiencing a significant sell off as Bitcoin price dropped below $76,000, dragging the altcoins lower, said CoinDCX Research Team.Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin is trading near the $75,000–$76,000 range after facing renewed downside pressure, with broader market sentiment slipping into extreme fear territory following recent volatility and the latest pullback comes as Bitcoin struggles to regain momentum after repeated failures to sustainably reclaim the $80,000 level.In the past week, Bitcoin and Ethereum both fell nearly 2%. Among the major altcoins, XRP, Solana, Dogecoin and Cardano slipped up to 3.5% whereas BNB, Tron and Hyperliquid gained up to 25%.WazirX market’s desk said Bitcoin trades near $75,647, with technicals cautious as sell signals outweigh buys, while oscillators remain neutral. The $73,000 to $75,000 zone remains important, supported by ETF inflows and long-term holder accumulation.Market perspectiveRiya Sehgal, Research Analyst, Delta ExchangeBitcoin continues to struggle near the $78,000–$80,000 resistance zone, while buyers are defending the $74,000–$75,000 support region. The recent rejection from $78,000 reflects persistent derivatives-led selling and liquidity pressure. A sharp decline in Bitcoin spot volumes also signals weak market participation, but historically such low-volume phases have often appeared near seller-exhaustion zones.Also Read | Mutual funds cut exposure to private banks for 2nd straight month in April. Is banking sector under pressure? CoinSwitch Markets DeskBitcoin’s weekend rebound faded after reports of U.S. strikes on Iranian targets raised concerns about ongoing peace negotiations that would lose momentum, pushing prices back below $76K. At the same time, spot volumes have fallen to their lowest level since July 2023, showing that participation remains thin as inflation pressure and geopolitical uncertainty keep traders cautiousAkshat Siddhant, Lead quant analyst, MudrexBitcoin is trading near the $75,500 level after facing strong rejection around $78,000. Renewed U.S. military action in the Middle East triggered a sharp risk-off reaction across markets, increasing selling pressure on crypto assets. Continued outflows from Bitcoin ETFs have further added to the near-term weakness.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.