The crypto market has quickly wiped out its gains

The cryptocurrency market fell 2% to $2.74 trillion as Bitcoin surrendered its recent gains and retreated toward its 50-day moving average. Ethereum's failure to break resistance near $2,500 adds to concerns about the recovery, with traders watching key support levels despite renewed Bitcoin ETF inflows. The crypto market lost 2% to $2.74T; a drop below $2.7T would end the consolidation. Bitcoin fell to $81.7K, Ethereum failed at $2.5K; ETF inflows and seasonality still support the bulls. The crypto market capitalisation has fallen by 2% over the past 24 hours to $2.74T.