Synopsis
Bitcoin surged to nearly $100,000, maintaining upward momentum with a 1.2% increase, trading at $99,487. Ethereum rose by 1% to $3,671. Major altcoins showed mixed results. Bitcoin’s resistance at $99,400 needs overcoming to surpass $100,000, while experts predict a bullish short squeeze above $101,000. The global crypto market cap increased by 0.53%, reaching $3.52 trillion.
Bitcoin continued its steady climb on Monday, trading just below the $100,000 mark. This key level has been a challenge for Bitcoin to cross over the past two weeks, keeping traders focused on its next move.
At 10:50 am IST, Bitcoin was trading at $99,487, up 1.2%, with an intraday high of $99,560. Meanwhile, Ethereum rose by 1%, trading at $3,671.
Other major altcoins showed mixed performance. Solana, Dogecoin, Sui, Hedera, and Tron were down by up to 1%, while XRP, Cardano, Avalanche, Chainlink, and Polkadot were trading higher. The global crypto market cap increased by 0.53%, reaching $3.52 trillion.
Crypto Tracker
TOP COIN SETSAI Tracker12.05% BuyDeFi Tracker6.69% BuyNFT & Metaverse Tracker6.07% BuyBTC 50 :: ETH 505.48% BuyCrypto Blue Chip – 55.21% BuyTOP COINS (₹) Bitcoin8,518,438 (0.96%)BuyEthereum313,196 (0.49%)BuyBNB61,226 (0.27%)BuyTether86 (0.06%)BuyXRP206 (-0.15%)Buy”Bitcoin is trading close to $99,000, maintaining its upward momentum. For Bitcoin to break past the $100,000 milestone, it must overcome resistance at $99,400, while support stands at the $96,000 mark,” said Edul Patel, CEO of Mudrex.
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View Details »Vikram Subburaj, CEO of Giottus, said, “Bitcoin is moving towards $100,000 after a week of strong consolidation. A short squeeze above $101,000 is likely this week bringing back bullish momentum.”
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“Altcoins have outperformed Bitcoin on a 7-day basis with Cardano, Avalanche, Sui and Stellar leading the charge. If Bitcoin holds $100,000, altcoins will likely surge further,” Subburaj added.
Also Read: Understanding the role of Bitcoin in modern investment portfolios
The volume of all stablecoins is now $80.38 billion, which is 89.05% of the total crypto market 24-hour volume, as per data available on .
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, rose to $1.972 trillion. Bitcoin’s dominance is currently 55.74%, according to . BTC volume in the last 24 hours surged 26.8% to $25.86 billion.
Also Read: What’s next for Bitcoin in 2025? Experts prediction and insights
“Bitcoin’s continued rise could push altcoins like Solana (SOL), SUI, ICP, and ENA higher. With Bitcoin nearing $100,000, demand remains strong, as seen by ETF inflows and reduced selling pressure. If Bitcoin breaks above this resistance, it could target $108,353 and higher,” said Sathvik Vishwanath, Co-Founder & CEO, Unocoin.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
