As of 10:26 am IST, Ethereum was up by 0.59% at $4,118. Other major tokens—including BNB, XRP, Dogecoin, Tron, Cardano, and Hyperliquid were down over 3% whereas Solana rose up to 0.79%. Overall, the crypto market capitalisation went down by 1.2% to $3.83 trillion, according to CoinMarketCap.
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According to CoinDCX Research, investors seem slightly pessimistic on Bitcoin, which again fell below key support at $110,000 intraday. While bulls triggered a partial recovery, bearish sentiment persists. Altcoins, including ETH, BNB, XRP, SOL, DOGE, and ADA, remain largely range-bound, showing little change.
“Fed Chair Powell, in his latest speech, hinted at a potential rate cut while cautioning about a rise in inflation due to tariffs and trade policies,” the CoinDCX Research Team added.
In the past one week, BTC was down by nearly 7.64% whereas Ethereum was down by 7.53% in the same time period.
The CoinSwitch Markets Desk says that the crypto market saw a mild pullback as escalating US–China tensions weighed on risk sentiment, with both nations introducing new port fees that heightened trade uncertainties. Bitcoin briefly tested the $110K level before a modest rebound, while Ethereum eased around 1%.
“Recent leverage unwinds have added to short-term volatility but may also be resetting market positioning for healthier accumulation. Key technical levels to watch include support at $110K–$112K and resistance near $116K. Cautious, low-leverage positioning remains prudent until clearer macro signals emerge,” said the CoinSwitch Markets Desk.
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Here is what other analyst says
Edul Patel, CEO of Mudrex
The crypto market is rebounding with Bitcoin at the $113,000 levels as market prices in the possibility of Quantitative Easing in the coming months. Powell’s comments boosted optimism, helping BTC maintain upward momentum despite ETF outflows and renewed US-China tensions. Investors must keep an eye on any news regarding the Strategic Bitcoin Reserve as the US’ Bitcoin holdings grow to $36 billion following the largest forfeiture in Department of Justice history. For now, Bitcoin faces resistance at $116,000, while strong support at $110,100 provides a solid base for continued recovery.
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