At 11:49 am IST, Bitcoin was trading at $96,777, up 1.5%, with an intraday high of $97,739. Meanwhile, Ethereum gained 1.6% to trade at $3,452.
Other major altcoins also saw significant gains. XRP was up 3.6%, Solana was up 2.7%, Cardano was up an impressive 11.5%, and Stellar was up 9%. The global crypto market cap rose nearly 1.5% to $3.41 trillion.
Also Read: Crypto Brothers Need To Temper Their Hopes For 2025: Andy Mukherjee
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
“Bitcoin continues its upward momentum, trading near the $97,000 mark, followed by other major altcoins such as Ethereum, Solana, and Stellar. The Fear-Grid index is rising, indicating a positive shift in investor sentiment,” said Edul Patel, CEO, Mudrex.
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“Currently, BTC is facing immediate resistance at $98,400, with support at $95,000,” Edul added.
Also Read: Small Indian Cities Join Crypto Boom, Expand Beyond Big Metros
Shivam Thakral, CEO of BuyUcoin, commented, “The market has seen significant bounce in Bitcoin and major altcoins, fueled by growing institutional interest in US spot Bitcoin exchange-traded funds (ETFs). These ETFs are nearing a significant milestone, surpassing $110 billion in cumulative holdings at just $2.2 billion, representing over 5.7% of the total Bitcoin supply.”
According to data available on CoinMarketCap, the volume of all stablecoins is now $108.1 billion, which is 92% of the total crypto market 24-hour volume.
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, has increased to $1.913 trillion. Bitcoin’s dominance is currently 56.22% according to CoinMarketCap. BTC volume increased by 41.6% to $41.3 billion in the last 24 hours.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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