Crypto market slides as Bitcoin falls to $68K and Ethereum drops below $2K

The crypto market faces a downturn as Bitcoin drops to $68K and Ethereum falls below $2K, impacting overall market stability.

The crypto market is experiencing a downturn as major players Bitcoin and Ethereum struggle to maintain critical support levels. With Bitcoin falling to around $68K and Ethereum dropping below the psychologically significant $2,000 mark, the broader cryptocurrency landscape is feeling the pinch. What Caused Bitcoin and Ethereum to Slide? As reported on March 7, 2026, Bitcoin traded at approximately $68,084 , showing a decline of 4.03% in the last 24 hours, while Ethereum fell to $1,983 , dropping 4.48% . These movements have led to a ripple effect across the market, pushing most major cryptocurrencies into negative territory. Other notable declines included BNB, which fell 2.98% , XRP, declining 3.63% , and Solana, which slipped 4.08% . Are We Seeing a Market-Wide Trend? Bitcoin and Ethereum, accounting for a significant portion of the total cryptocurrency market capitalization, set the tone for other assets. As both have encountered resistance, it has reinforced the notion that the downturn is a broad market trend rather than isolated events. Despite earlier attempts to stabilize after February’s sharp pullback, current price actions indicate a fragile momentum where support levels are being rigorously tested. Where Is Bitcoin Headed? The challenges for Bitcoin stem primarily from its inability to reclaim the $70K resistance level. The daily chart reveals several attempts to break through this area, all of which were met with rejection. Consequently, Bitcoin is primarily trading within a tight range between $65K and $70K , indicating a consolidation phase rather than a full recovery. “If selling pressure intensifies, analysts may look toward the $65K region as the next support zone.” What’s Happening with Ethereum? Ethereum's trajectory mirrors that of Bitcoin. The leading altcoin has struggled to maintain its position above the $2,000 mark and is currently trading near $1,984 . The inability to reclaim the $2,000 level multiple times has established it as a critic