Synopsis
Bitcoin hovered above $105,000 on Monday amid investor caution ahead of key U.S. inflation data. Despite recent volatility, strong institutional inflows and ETF demand supported price stability. Analysts highlighted resistance at $106,500 and support at $103,000. Altcoins traded mixed, with XRP surging 3% and Solana, Avalanche rising, while BNB and Dogecoin slipped up to 2%.
Bitcoin traded mostly flat on Monday, maintaining a steady position above the $105,000 mark, as investors watched global economic cues and anticipated fresh triggers from US inflation and interest rate data.
At 11:38 am IST, Bitcoin was down 0.1% at $105,496, while Ethereum slipped 1.1% to $2,485, according to . The world’s largest cryptocurrency touched an intraday high of $106,497, holding firm despite recent volatility. The global crypto market cap edged lower by 0.13% to $3.29 trillion.
“Bitcoin is currently consolidating near $105,500 after retreating from its recent all-time high of $111,000,” said Sathvik Vishwanath, Co-Founder and CEO of Unocoin. “The correction was largely driven by macroeconomic pressures, including rising bond yields and global tariff tensions. But strong institutional inflows and ETF demand continue to support the bullish structure.”
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TOP COIN SETSDeFi Tracker0.60% BuyBTC 50 :: ETH 50-0.62% BuySmart Contract Tracker-1.72% BuyWeb3 Tracker-2.82% BuyNFT & Metaverse Tracker-3.69% BuyTOP COINS (₹) XRP191 (0.41%)BuyBitcoin9,031,100 (-0.28%)BuySolana12,855 (-0.35%)BuyBNB55,568 (-0.37%)BuyEthereum212,849 (-1.39%)BuyAnalysts noted that Bitcoin continues to trade above its 50-day and 200-day moving averages, pointing to underlying strength. Market watchers highlighted $106,500 as the next resistance to watch, while key support sits around $103,000.
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View Details »Vikram Subburaj, CEO of Giottus, said, “Bitcoin reclaimed $105,000 over the weekend despite earlier ETF outflows and a risk-off sentiment favouring precious metals. It is now consolidating again and could test the $108,000 level soon, though seasonal factors may cap upside in the short term.”
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Adding to the optimism, on-chain data suggests rising interest from large holders. “CryptoQuant data shows whale holdings have surged to 3.57 million BTC, nearing the previous all-time high,” said Alankar Saxena, Co-founder and CTO of Mudrex. “This trend indicates that institutions and high-net-worth investors are accumulating during dips, expecting higher prices ahead.”
However, Saxena cautioned that if Bitcoin fails to hold above current levels, support at $101,600 could come into play before fresh buying resumes.
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Altcoins showed a mixed performance. XRP led gains with a 3% rally, while Solana, Avalanche, Hedera, and Internet Computer also edged higher, rising up to 6.4%. Meanwhile, BNB, Dogecoin, Tron, Sui, Chainlink, and Shiba Inu slipped by up to 2%.
CoinSwitch Markets Desk noted, “BTC has recovered from its recent drop to $101,000 and is now showing signs of renewed strength. ETH, meanwhile, continues to hover near $2,500.”
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In a notable development, XRP was added to the Nasdaq Crypto US Settlement Price Index, marking another step toward institutional adoption. Separately, Cetus Protocol — a decentralised exchange on the Sui and Aptos networks — relaunched after a $223 million exploit, claiming to have restored 99% of its liquidity.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
