• Bitcoin price falls below $70,000 as network activity weakens.
• Declining transactions and addresses signal lower demand.
• Key support is at $69,400, while resistance stands near $71,600.

Bitcoin price today hit a daily low of $69,914.54 after soaring above $71,000 at the start of the week, following news of a truce proposal to Iran by US President Donald Trump.

The sudden pullback has pushed Bitcoin back below the $70,000 level, a psychological zone that traders often watch closely for signs of strength or weakness.

This decline did not happen in isolation, as the underlying data suggests that the broader network is also losing momentum.

Bitcoin Network Activity signals weakening demand

Recent on-chain data shows that Bitcoin’s Network Activity Index continues to trend downward, pointing to a steady cooling in user participation.

This index tracks a combination of key metrics that together reveal how actively the network is being used daily.

Among these metrics are active addresses, which measure how many unique participants are sending or receiving Bitcoin.

A decline in active addresses often signals reduced interest or engagement from both retail users and larger players.

Transaction counts have also softened, indicating that fewer transfers are taking place across the network.

This drop in transaction activity suggests that demand for block space is easing, which usually aligns with quieter market conditions.

Another important indicator, the UTXO count, reflects how coins are being distributed and reused, and its slowdown points to less frequent movement of funds.

Block data, including the number of bytes per block, further confirms that network usage is not as intense as it was during more active periods.

On-chain activity is still cooling off

Bitcoin’s CryptoQuant Network Activity Index keeps declining, pointing to weaker demand across the network.

Key indicators tracked:
• Active addresses (sending + receiving)
• Transactions (total & per block)
• UTXO count
• Bytes per… pic.twitter.com/U4aSKjz2Pk

— Maartunn (@JA_Maartun) March 24, 2026

Taken together, these signals paint a clear picture of declining demand rather than temporary disruption.

The BTC price struggles mirror on-chain weakness

The recent dip below $70,000 appears to be more than just a reaction to short-term news or macro headlines.

Instead, it reflects a broader lack of strong buying pressure needed to sustain higher price levels.

Even though Bitcoin managed to climb earlier in the week, the rally lacked the support of rising network activity.

This disconnect between price and usage often leads to corrections, as the market struggles to justify higher valuations.

Short-term performance data also shows mild losses across multiple timeframes, reinforcing the idea that momentum is fading.

While the market has not entered a sharp sell-off, the gradual decline suggests a slow shift in sentiment.

Investors seem to be taking a more cautious approach, with fewer participants actively entering the market.

At the same time, existing holders appear less willing to move their coins, contributing to the drop in transactional activity.

The key Bitcoin price levels to watch in the coming days

Bitcoin is now approaching a critical zone where price action in the coming days could define its short-term direction.

Notably, most technical indicators are leaning bearish, with Bitcoin trading below major exponential moving averages on the daily chart.

This positioning suggests that the broader trend remains under pressure unless the price can reclaim key moving averages.

Currently, the most important level to watch is $69,423, which now acts as immediate support for the market.

If this support holds, it could allow Bitcoin to regain strength and attempt a push toward the first major resistance at $71,645.

If buyers manage to break above $71,645, momentum may build toward the next resistance level at $73,687.

A stronger rally could then open the door for a test of $75,930, which stands as the third key resistance level in the current structure.

On the downside, failure to hold above $69,423 would weaken the current structure and expose Bitcoin to further losses.

In that scenario, analysts note that the next support would be $67,167.

The news to watch

From a macro perspective, traders should closely watch the upcoming inflation data, particularly the PCE print expected early next month.

A softer reading below 2.8% could support risk assets and provide Bitcoin with a chance to recover.

On the other hand, a higher-than-expected figure above 3% may add pressure and push prices lower.

• XRP shows rare bottom signals and strong rebound potential.
• The key support at $1.44–$1.48 will guide near-term price action.
• A break above $1.60 with volume needed to sustain the rally.

XRP has grabbed the spotlight after overtaking BNB in market cap ranking following its recent price rebound.

Analysts point to technical signals that suggest XRP may have recently formed a long-term bottom.

These signals include an oversold RSI on the weekly chart and a stretch of negative funding rates that historically appear before significant rebounds.

XRP rebounded after hitting a rare bottom

After a period of sideways trading, XRP surged to a weekly high near $1.60.

This move followed a modest beta-driven pullback alongside Bitcoin, reflecting that broader market trends still influence XRP.

Despite the rally, the cryptocurrency faced technical resistance, with momentum indicators suggesting it had been overbought.

Trading volumes have cooled after the rally, which is typical when an asset approaches a key resistance area.

The current support zone around $1.44–$1.48 has become crucial.

Holding above this area could allow XRP to test $1.60 again and potentially reach new resistance levels beyond that.

Conversely, a breach below this support may see a decline toward $1.34, highlighting the importance of technical positioning.

What is fueling XRP’s rally?

XRP’s recent gains were fueled by multiple factors. First, its short-term correlation with Bitcoin helped it catch a wave as the broader market dipped slightly.

Second, technical patterns are now aligning in a way that traders rarely see, suggesting the bottom may hold.

Third, market inflows from institutional investors remain a key driver, especially in the form of spot XRP ETF activity.

Outflows from these ETFs in recent weeks have restrained buying pressure, but a reversal could reignite momentum.

But despite these positives, risks remain.

Volume remains lower than during the peak of the rally, signaling that conviction is not yet at its highest. Moreover, the current resistance at $1.60 is a significant hurdle.

A breakout above it, supported by rising trading activity, would confirm that the uptrend can continue.

However, caution is warranted, as the cryptocurrency is still navigating critical resistance and depends on continued support from market flows.

Traders should closely watch to see if XRP can hold its gains and build on this rare bottom.

If the support around $1.44-$1.48 remains firm and institutional demand resumes, the path toward higher levels may be within reach.

At the same time, failing to hold this support could quickly undo the recent gains.

For now, XRP sits at a critical juncture, with potential for both continuation and retracement depending on the next wave of market activity.