Synopsis
Bitcoin is maintaining its position near $95,000, bolstered by institutional investments and strong technical indicators. Market sentiment is positive, fueled by Strategy’s significant BTC purchase and optimistic projections from Standard Chartered. While altcoins show mixed performance, Bitcoin’s resilience above key support levels and positive funding rates suggest continued bullish momentum, with potential targets near $100,000.
Bitcoin held steady near the $95,000 level on Tuesday, supported by positive institutional flows and strong technical signals. As of 12:59 PM IST, Bitcoin was up 0.2% at $94,838, while Ethereum gained 0.74% to $1,819. The global crypto market cap rose 0.2% to $2.98 trillion.
“Bitcoin is hovering near $94,900 as investors await a trigger for a breakout,” said Alankar Saxena, Co-founder and CTO of Mudrex. “Institutional developments, including Strategy’s $1.4 billion BTC purchase and Standard Chartered’s $120K projection, are boosting sentiment. Ethereum also looks strong with whale inflows up 2,682%, signalling a potential move toward $2,000.”
Altcoins were mixed. BNB, Tron, Chainlink, Polkadot, Bitget Token, and Pepe rose up to 3%, while XRP, Solana, Dogecoin, Cardano, Sui, and Avalanche dropped as much as 3.5%.
Crypto Tracker
TOP COIN SETSAI Tracker13.55% BuyNFT & Metaverse Tracker3.98% BuySmart Contract Tracker3.58% BuyBTC 50 :: ETH 502.47% BuyCrypto Blue Chip – 51.62% BuyTOP COINS (₹) Ethereum155,184 (0.92%)BuyBNB51,981 (0.79%)BuyBitcoin8,089,918 (0.33%)BuyTether85 (0.08%)BuyXRP195 (-1.77%)Buy“Bitcoin remains in a consolidation phase with $96,000 acting as key resistance,” said Piyush Walke of Delta Exchange. “A breakout could be near as BTC holds above its 200-day moving average and RSI stays above 50.”
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Sathvik Vishwanath of Unocoin added, “Bitcoin’s 8% weekly gain is driven by bullish momentum and major inflows, including Strategy’s recent 15,000 BTC addition. Support lies at $85K, while upside targets remain near $100K.”
Despite $380 million in ETF outflows, Bitcoin stayed above the $93,000 support level. “Funding rates are positive, reflecting long interest, though the risk of a long squeeze remains,” said Vikram Subburaj of Giottus. “The Crypto Fear & Greed Index has entered the greed zone at 60.”
Also Read: Bitcoin surpasses Amazon in market value, now 6th largest global asset
Bitcoin’s market cap stood at $1.883 trillion, with dominance up at 63.25%. Daily volumes jumped 58% to $31.7 billion. Stablecoins made up 93.34% of total activity at $82.4 billion, according to .
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
