In the past 24 hours, Bitcoin rose 0.49% while Ethereum jumped 5.06%. Major altcoins, including XRP, BNB, Solana, Tron, Dogecoin, and Hyperliquid, gained over 2%. Despite the uptick in top tokens, global crypto market capitalisation slipped 1.62% to $3.18 trillion, according to CoinMarketCap.
Also Read | Silver ETFs deliver over 100% return in 2025. Should investors lock in profits or ride the rally?
Riya Sehgal, Research Analyst, Delta Exchange, says that markets are increasingly positioning for monetary easing, with a 94% probability of a 25 bps Fed rate cut next week, and this expectation has injected fresh optimism into risk assets, with Bitcoin and Ethereum rebounding to two-week highs.
Sehgal added that Bitcoin is consolidating just below the $94,000–$95,000 resistance zone, while Ethereum has surged past $3,200 and despite improving liquidity conditions, leverage across BTC and ETH futures remains subdued, reflecting cautious sentiment after recent liquidation waves.
According to data by CoinMarketCap, in the past week, Bitcoin and Ethereum went up by 2.58% and 5.65% respectively. Among the major altcoins, BNB, Solana, Tron, and Cardano went up by over 3% in the past week, whereas XRP and Dogecoin, and Hyperliquid went down by nearly 2% in the same period.
CoinSwitch Markets Desk said that BTC moved higher through the day, climbing from $90K to near $93.5K before cooling off, and a brief dip toward $91.8K was quickly absorbed, and the price later recovered toward $93K, keeping the short-term trend constructive as long as BTC holds above the $92K zone.
“Softer U.S. macro data, the Fed’s official end to Quantitative Tightening, and a return of positive BTC ETF inflows helped lift BTC to a two-week high. Heatmap data also shows a large cluster of short liquidations above $94K, which could support an upside squeeze if momentum continues,” said CoinSwitch Markets Desk.
Also Read | Can Gold & Silver ETFs, a smallcap-heavy portfolio, and a 10% step-up get you to Rs 3 crore in 20 years?
Market perspective
Nischal Shetty, Founder, WazirX
In the past 24 hours, the global economy revealed once again just how dependent it is on central-bank intervention. Weak U.S. labour data ignited fresh speculation of another Fed rate cut, sending the dollar drifting and pushing capital into a familiar dance of risk-on, risk-off hesitation.
Ethereum is showing a modest bounce to around $3,215, while Bitcoin trades near $93,616, both signalling resilience but also acknowledging the gravitational pull of the broader macro environment.. Its year-long pattern shows sharp rallies followed by deep retracements, a reflection of markets searching for clarity.
