Ethereum rose 0.5% to $2,627, continuing its recent outperformance, while the global cryptocurrency market cap edged up 0.12% to $3.32 trillion, according to CoinMarketCap.
Among key altcoins, XRP gained 1.7%, BNB and Chainlink rose 0.6% each, and Litecoin advanced 0.75%. On the other hand, Solana fell 2.3%, Dogecoin slipped 0.3%, and Cardano declined 0.2%. Bitcoin’s market dominance held steady at 63.7%.
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“The market shows some stagnation, with major tokens like Bitcoin, Ethereum, and XRP trading within a range-bound consolidation,” said the CoinDCX Research Team. “However, Bitcoin holding above $100K for over 25 days indicates a revival in bullish trend, even as investor sentiment remains neutral.”“Bitcoin is holding steady near $105,500 after facing resistance at $106,800,” said Alankar Saxena, Co-founder and CTO at Mudrex. “A break above $110,000 could trigger short liquidations and push BTC to fresh all-time highs.”
Saxena added that Ethereum is also showing strength above $2,600, buoyed by sustained ETF inflows and improving sentiment. “Support for BTC is now seen at $104,700, with resistance at $106,800.”Vikram Subburaj, CEO of Giottus, said Bitcoin remains in a clear accumulation phase between $105,000 and $106,500. “Spot ETF flows have rebounded after three days of outflows, likely aiding price stability,” he noted.Riya Sehgal, Research Analyst at Delta Exchange, said BTC is consolidating in a rising 4-hour channel. “A break above $108K–$109K could resume the uptrend, while a fall below $105K may test support at $100K–$102K,” she said.
She also noted strong institutional accumulation: “Mid-to-large wallets added over 79,000 BTC this week, and BlackRock’s ETH holdings crossed $4 billion after adding 29,580 ETH worth $77 million.”
Bitcoin’s market cap rose to $2.094 trillion, but daily trading volume dipped 6% to $44.87 billion, suggesting reduced activity as the market waits for a decisive move.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
