In the past 24 hours, Bitcoin was up 0.7% whereas Ethereum was down 0.4% to trade at $2,370 mark. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Hyperliquid, and Cardano rallied up to 4%.
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Crypto markets are showing a clear shift from recovery to early risk-on momentum and Bitcoin’s move back above the $80,000 zone has been supported by strong institutional demand, short-covering pressure and tightening exchange supply, but the market is not yet in a clean breakout phase, said Riya Sehgal, Research Analyst, Delta Exchange.
Sehgal further said that a sustained daily close above this zone could open further upside toward $96,000 if institutional absorption continues to outpace daily mined supply. However, the rally is also seeing meaningful profit-booking. Bitcoin holders realized 14.6K Bitcoin in profits yesterday, the highest daily profit-taking level since December 10, as Bitcoin rebounded 36% from its 2026 low which suggests that while demand is strong, rallies may face intermittent supply from investors locking in gains.
The global crypto market capitalisation went up 1% to $2.7 trillion, according to CoinMarketCap.
WazirX Market’s Desk said that Bitcoin is trading at $81,255, while Ethereum sits at $2,366, as crypto markets sit at the intersection of improving sentiment and tightening global liquidity.
In the past week, Bitcoin and Ethereum were up 5% and 2% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Hyperliquid, and Cardano gained up to 13%.
The move points to continued institutional demand. At the same time, broader market participation remains limited, keeping price action relatively stable, said Vikram Subburaj, CEO, Giottus.
On-chain and market structure data indicate a divergence in demand. Bitcoin continues to attract stronger spot inflows relative to Ethereum, supporting elevated Bitcoin dominance levels, Subburaj further said.
Market perspective
CoinSwitch Markets Desk
Bitcoin moved from around $79.8K to highs near $81.7K before facing some resistance. Oil slipping below $100 after Trump paused Project Freedom through the Strait of Hormuz has eased part of the geopolitical pressure, helping Bitcoin hold near the $81K level.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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