In the past 24 hours, Ethereum and Bitcoin fell 0.02% and 0.78%, respectively. Among major altcoins, BNB, XRP, Solana, Dogecoin, Cardano, and Hyperliquid declined by up to 3% during the same period.
Also Read | Silver ETFs rally up to 188% in 1 year. Should investors stay invested or book gains?CoinSwitch Markets Desk said Bitcoin briefly pushed above $97,000 as institutional momentum strengthened, supported by continued inflows into US spot Bitcoin ETFs, which recorded around $1.5 million in net inflows over January 13-14.In the near term, the $95.2K-$95.5K zone remains a critical support level for BTC. Holding this range could allow consolidation or a rebound toward $96.2K-$96.6K, while a breakdown may trigger further downside pressure, the Markets Desk added.
The global crypto market capitalisation fell 0.65% to $3.22 trillion, according to CoinMarketCap.
Riya Sehgal, Research Analyst at Delta Exchange, said the market is holding near equilibrium after a sharp rebound, with most major assets drifting slightly lower as momentum pauses. On-chain data remains constructive for Bitcoin: whales are re-accumulating after the fastest sell-off since 2023, and long-term holders show little intent to distribute into strength.Over the past week, Bitcoin and Ethereum gained 4.73% and 5.60%, respectively. Among major altcoins, BNB, Solana, and Tron rose over 5%, while XRP, Dogecoin, Cardano, and Hyperliquid fell more than 4%.
Akshat Siddhant, Lead Quant Analyst at Mudrex, said strong institutional demand continues to support Bitcoin, with ETFs attracting over $1.7 billion in net inflows over the past three days.
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Market perspective
Vikram Subburaj, CEO, Giottus: “Price action suggests the market is trying to build acceptance above previous resistance, even as macroeconomic uncertainty keeps risk appetite measured.”
Nischal Shetty, Founder, WazirX: “Bitcoin continues to trade at elevated levels, holding steady, reflecting stronger institutional participation and an improving market structure. Ethereum and large-cap altcoins are consolidating after sustained rallies.”
