Setting a bullish stance for a new weekly session, the cryptocurrency market spiked with a steady upward momentum today, with Bitcoin breaking past $108,000 and Ethereum sustaining its robust rally. Investors are closely and cautiously watching the market as the institutional interest and macroeconomic developments lead the uptrend.
Bitcoin Surges Past $108K, New High This Week?
Bitcoin (BTC) has surged past the $108K mark today, marking a 2.16% increase over the past 24 hours, with a trading volume of nearly $49.79 billion. After breaking above a descending trendline over the weekend, BTC is now testing resistance levels, with analysts predicting a potential push toward $110,000 while likely marking a new all-time high later this week.
At the time of writing, Bitcoin is trading near $108,454—barely 3.15% away from the all-time high of $111,970, recorded on 22 May.
The current rally follows a wave of institutional backing, including Strategy’s recent 1,045 BTC purchase, TBG’s $340M commitment, and Japan’s ANAP announcement to buy 1,000 BTC.
Ethereum Continues Spiking
Ethereum (ETH) has continued riding a strong upward trend, with it surging past $2,550 and showing no signs of slowing down. Narratives like BlackRock’s acquisition of over 150,000 ETH in just 10 days signal robust institutional demand for Ethereum. ETH’s rally is partly attributed to broader market optimism and technical breakouts, with prices eyeing $2,600–$2,700 as the next target.
Altcoins Show Uncertainty
While Bitcoin and Ethereum lead the charge, altcoins display varied performances, contributing to a dynamic market landscape. Solana (SOL) is exhibiting strength and trading near $156, whereas XRP is holding onto the $2.3 price mark. Among top performers, KAIA, Fartcoin, and TAO are leading, while DEXE is a top losing altcoin today, with it declining over 12% in the past 24 hours.
Trending Crypto Today
- BTC (Bitcoin)
- ETH (Ethereum)
- TRU (TrueFi)
- HUMA (Huma Finance)
- PEPE (Pepe)
Top Gainers and Losers Today
| Gainers | Losers |
| KAIA (Kaia): +21% | DEXE (DeXe): -12% |
| FARTCOIN (Fartcoin): +11% | A (Valuta): -2% |
| SPX (SPX6900): +10% | FLR (Flare): -2% |
| TAO (Bittensor): +8% | ZEC (Zcash): -1% |
| HYPE (Hyperliquid): +6% | PI (Pi Coin): -1% |
Crypto Market Cap Overview
The global crypto market cap today sits at $3.38 trillion in valuation, with a 24-hour trading volume of $109.48 billion. As Bitcoin and Ethereum drive the rally, the market’s upward trajectory suggests potential for further gains throughout the week.
Also read: XRP to Skyrocket: Analysts Target $20-$27 Price in Next Bull Run
