Synopsis
Bitcoin Price: Global crypto market cap dipped 0.65% to $3.63 trillion, with stablecoins accounting for 92.61% of 24-hour trading volume at $151.56 billion. Bitcoin’s market cap fell to $1.965 trillion as its 24-hour volume surged 36% to $54.33 billion.
Bitcoin traded near its all-time high of $100,000 ahead of a critical week featuring central bank meetings and US inflation data, which could pave the way for lower borrowing costs and further policy easing. However, BTC slipped 1% in early trading, with Altcoins also declining.
As of 11:30 am IST, Bitcoin was down 0.8%, trading at $99,043, while Ethereum fell 1.6% to $3,915. During the session, BTC reached a high of $101,399 and a low of $98,579.
“Bitcoin faces strong resistance at $100,000 ahead of US CPI data release this Wednesday. It must hold support above $98,600 and break through six figures to retain market momentum,” said Vikram Subburaj, CEO of Giottus Crypto Platform.
Crypto Tracker
TOP COIN SETSNFT & Metaverse Tracker5.55% BuyBTC 50 :: ETH 505.10% BuyCrypto Blue Chip – 53.51% BuyWeb3 Tracker3.24% BuyAI Tracker2.43% BuyTOP COINS (₹) Bitcoin8,411,327 (0.04%)BuyTether85 (0.03%)BuyEthereum328,622 (-1.92%)BuySolana19,380 (-3.0%)BuyXRP203 (-5.35%)BuyAvinash Shekhar, co-founder & CEO of Pi42, noted, “Bitcoin’s consolidation near $100,000 highlights a tug-of-war between bulls and bears. A breakout could target $125,000, with optimism remaining bullish over the next 12 months.”
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Major Altcoins, including Solana, BNB, Cardano, Tron, Shiba Inu, Toncoin, Polkadot, Stellar, and Hedera, experienced losses of up to 7%.
Also Read: Beyond Bitcoin! XRP, Solana, and other major altcoins surge up to 375% since Trump’s win
“The broader market saw some profit-taking at the highs with tokens like XRP, BNB and Cardano going down as much as 7%. BTC’s resistance now stands at $103,500 with strong support at $98,000,” said Edul Patel, CEO of Mudrex.
Sathvik Vishwanath, Co-Founder & CEO of Unocoin, remarked, “Technical indicators like the RSI suggest overbought conditions, pointing to possible short-term corrections. However, Bitcoin’s scarcity and growing institutional adoption support a bullish long-term trend. Analysts foresee sustained momentum if Bitcoin consolidates above $100,000, but volatility remains a key risk.”
Also Read: Nobody can ban Bitcoin: Vladimir Putin’s comment that fulfilled Bitcoin’s $1 lakh dream
The global cryptocurrency market capitalisation fell 0.65% over the past 24 hours to approximately $3.63 trillion. According to , stablecoins now make up 92.61% of the total 24-hour crypto market volume, at $151.56 billion.
Bitcoin’s market cap dropped to $1.965 trillion, and its volume in the last 24 hours increased by 36% to $54.33 billion.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
