Bitcoin is trading at $68,600 (approximately ₹63.8 lakh) as the cryptocurrency market experiences consolidation after a brief surge above $70,000 (around ₹65 lakh). The leading cryptocurrency has seen a 0.68% decline in the past 24 hours as investors engage in profit booking amid rising geopolitical tensions. Analysts indicate that the current price action is more reflective of macroeconomic factors rather than a robust market trend. Ethereum is also facing selective weakness, trading near $2,100 (about ₹1.9 lakh). Analysts, including Akshat Siddhant from Mudrex, emphasize that the market is awaiting signs of reduced tensions that could encourage risk-taking. Institutional demand remains strong, with significant purchases of Bitcoin supporting prices at lower levels. The focus is now on upcoming US inflation data, which could be pivotal for future market direction. Overall, the market is still in a consolidation phase due to macroeconomic uncertainties and inconsistent institutional flows, which are hindering upward momentum.