Synopsis
Bitcoin and major cryptocurrencies extended gains as bullish sentiment persisted despite US tariff concerns. BTC traded above $86,000, eyeing $90,000 resistance. Spot ETF inflows and regulatory engagement boosted confidence.
Bitcoin and major cryptocurrencies extended their gains on Monday as investor sentiment remained bullish despite looming US tariff concerns and key economic data releases later this week.
As of 11:26 am IST, Bitcoin was up 3.2% at $86,590, while Ethereum gained 2.3% to trade at $2,047. The global crypto market cap rose 2.94% over the past 24 hours, reaching $2.84 trillion.
Among major altcoins, Solana surged 5.9%, XRP rose 3%, Cardano gained 2%, and Dogecoin jumped 3.8%. Meanwhile, Chainlink, Avalanche, Hedera, and Stellar posted gains between 3% and 10%.
Crypto Tracker
TOP COIN SETSBTC 50 :: ETH 504.98% BuyCrypto Blue Chip – 54.07% BuyNFT & Metaverse Tracker3.53% BuyWeb3 Tracker2.52% BuyDeFi Tracker1.30% BuyTOP COINS (₹) Solana11,855 (5.4%)BuyBitcoin7,463,293 (3.02%)BuyEthereum177,257 (2.96%)BuyXRP211 (2.75%)BuyBNB53,595 (-0.12%)Buy“Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000,” said Vikram Subburaj, CEO, Giottus.
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View Details »He added, “Spot ETFs saw positive inflows last week, fueling optimism among traders. Additionally, the Crypto Fear & Greed Index has climbed to 45, indicating a gradual shift in sentiment.”
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Shivam Thakral, CEO of BuyUcoin, noted that regulatory engagement has also boosted confidence. “The crypto market has shown resilience, with Bitcoin rising 3.19%. Investors are closely watching the U.S. SEC’s recent crypto-focused roundtable, which signals a more structured regulatory approach.”
Bitcoin’s market capitalization jumped to $1.727 trillion, with dominance rising to 60.73%. Its 24-hour trading volume soared 93% to $18.2 billion, while stablecoin transactions accounted for 94.74% of total crypto trading, reaching $57.58 billion, according to .
Tech view by ZebPay Trade desk
Bitcoin bulls are making a renewed push, keeping the price above the 200-day simple moving average ($84,899) through the weekend. Ongoing tariff wars have added volatility to both traditional and crypto markets, increasing uncertainty. While Bitcoin faces resistance at the 20-day exponential moving average ($86,246), a positive sign is that buyers are holding firm, preventing significant losses to the bears.
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After reaching an all-time high of $109,588, BTC began trading within a ‘Descending Triangle’ pattern, finding strong support at $90,000. Eventually, the asset broke below the pattern, leading to a price drop to $76,606.
Following this move, BTC has been consolidating, trading within a range of $80,000 to $87,500 with declining volumes. The asset has strong support at $80,000 and $73,500, while $90,000 and $100,000 remain key resistance levels for the bulls. A confirmed breakout above these resistance levels could trigger a further rally.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
