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Interest rate expectations weakened, and the crypto market started the week negatively.

On the first day of the new week, leading cryptocurrency Bitcoin traded at $94,902, while Ethereum was trading at $3,183. The crypto market capitalization fell to $3.23 trillion.

The cryptocurrency market started the new week on a weak note. Bitcoin fell below $93,000 earlier in the day, hitting a six-month low, but has since recovered some of its losses. The continued market pressure stemmed from weakening expectations for a rate cut next month and an increasing cautious stance ahead of the release of delayed US economic data. Fed officials have expressed reluctance to take further action, citing the ongoing volatility in inflation and the strong labor market. Boston Fed President Susan Collins stated last week that they will be "cautious about easing policy further unless there are clear signs of deterioration." The cryptocurrency market, which was boosted by expectations of aggressive interest rate cuts in the first half of the year, has lost momentum as these expectations have weakened.

The total cryptocurrency market capitalization fell to $3.23 trillion, while Bitcoin opened the new week at $94,902. Ethereum was trading at $3,183, XRP at $2.25, and Solana at $140.70. Last week, Bitcoin ETFs saw a total outflow of $1.11 billion, while Ethereum ETFs saw $729 million.

Bitcoin started the week at $94,902. After spending the weekend in the 94,000-96,000 range, BTC approached the $95,000 range again on the first trading day of the new week with limited buying. The technical outlook suggests that short-term pressure continues, but buying reactions from support areas are keeping the price stable. On the downside, the 94,000 and 92,500 levels serve as initial support. Below this zone, the 91,000-90,000 range stands out as a critical protection area. On the upside, the 96,000 and 97,500 levels serve as initial resistance, followed by the 99,000-100,500 range as a significant barrier. BTC's ability to sustain above 97,500 could support a short-term recovery towards the $99,000 region. However, closing below 94,000 could increase the risk of a pullback to 92,500 and 91,000. The general outlook is that Bitcoin remains weak, but the uptrend will remain limited unless a sustained hold above 97,500 is achieved.

Ethereum started the week at $3,183. Having spent the weekend in the 3,140-3,215 range, ETH exhibited a balanced outlook, rising above $3,180 with light buying in the new week. In the short term, support levels of 3,150 and 3,100 stand out, while on upward movements, the 3,220-3,250 range is being monitored as the first resistance zone. A close above 3,250 could push ETH's price back into the 3,300-3,340 range. However, any dips below 3,150 could pose the risk of a pullback to 3,100 and 3,050 in the short term. The overall outlook suggests that Ethereum's strength is limited, but upward momentum will remain weak unless a sustained hold above 3,250 is achieved.

Ripple started the week at $2.25. After spending the weekend between 2.23 and 2.27, XRP settled sideways at $2.25 in the new week. Short-term support levels are at 2.23 and 2.20, while resistance levels in the 2.27-2.30 and 2.32-2.35 areas are prominent on upward movements.

XRP closing above $2.30 could support a short-term recovery toward 2.35. However, closing below 2.23 could increase the risk of a short-term pullback to 2.20 and 2.18. The general outlook is that XRP remains weak, but a sustained hold above $2.30 would strengthen the recovery.