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Bitcoin and ether test key support as traders seek downside protection amid market weakness.

Market News
30 Jun 2026
Coindesk
View Source
Bearish
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Bitcoin and ether prices fell toward critical multiyear support levels, with bitcoin near its lowest since late 2024 and ether at a level it has bounced from twice before. Despite subdued volatility, options traders are paying a premium for downside protection, signaling concerns about further declines. DeFi tokens faced sharp losses, while tokens like Stellar (XLM) and Lighter (LIT) showed resilience due to positive news and market interest. The market remains cautious with mixed signals from derivatives and steady traditional equities.

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