In the past 24 hours, Bitcoin was up 0.5% whereas Ethereum was up 1% to trade at $2,160. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid, and Cardano gained upto 6% whereas Tron was down 0.8%.
Also Read | Gold and silver ETFs rally up to 11% on easing oil prices, soft dollar. Should you invest now?Riya Sehgal, Research Analyst, Delta Exchange said Ethereum’s recovery above $2,100 is constructive, yet it continues to lag in momentum, indicating selective risk appetite rather than broad-based strength.Going forward, a decisive breakout above key resistance zones could trigger momentum continuation, but until then, the market is likely to remain tactical, characterized by short-term opportunities rather than a sustained directional move, Sehgal further said.
In the past week, Ethereum was down 7.2% and Bitcoin was 4.7%. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid, and Cardano slipped up to 8% whereas Tron was up 0.6%.
Bitcoin has moved back above $70,000 after briefly testing support just below $69,000, as broader markets remain cautious. The pullback in gold alongside selling in U.S. Treasuries reflect a shift toward risk aversion, keeping Bitcoin range-bound for now, said Akshat Siddhant, Lead quant analyst, Mudrex.
What other analysts say
WazirX Markets Desk
Bitcoin is currently consolidating around the ~$68K–$72K range after a price dip earlier this week, signaling stabilization and strong demand absorption. Ethereum developers have launched a post-quantum initiative to future-proof the network at the protocol level by 2029, improving sentiment across investors.
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Vikram Subburaj, CEO, Giottus
Intraday prints clustered near $70,500, while end-of-day data places Bitcoin closer to $70,785. This indicates that the market is holding ground but not yet establishing a decisive breakout above recent resistance.
CoinSwitch Markets Desk
Bitcoin saw a brief rally from $68.8K to $71.2K on hopes of easing US-Iran tensions, but quickly settled back near $70K after Iran denied any real progress. A 6% drop in oil prices provided some short-term relief, though markets remain driven by ongoing headlines. Looking ahead, traders will watch US jobless claims and other key data points, which could influence market direction.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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