Key Highlights
- Bitcoin climbs above $94,000, and Ether jumps over 8% in 24 hours.
- SOL, XRP, BNB, and ADA follow the breakout, with ADA leading gains.
- HYPE faces huge selling pressure while extending a 30-day slide.
The crypto market staged a strong rebound over the past 24 hours as Bitcoin (BTC), Ether (ETH), and major altcoins surged through key resistance levels. The move follows renewed institutional inflows on Monday, improving macro sentiment, and expectations of a broader market rotation into large-cap tokens.
With BTC and ETH leading momentum, traders are watching for further upside as liquidity deepens across spot and derivatives markets.
Bitcoin and ETH surge past key resistance
Bitcoin climbed more than 4% to $94,345, reclaiming levels last seen in mid-November and strengthening its short-term bullish structure.
With this short spike in BTC price, the optimism within traders has shifted to new highs, with the odds of $BTC hitting $100K by the end of the year surpassing 50% on Polymarket.
Ether also outperformed, jumping 8.3% to $3,384, extending its multi-day rally as staking flows and ETF anticipation continue to lift demand.
Altcoins follow the breakout
Following the momentum in Bitcoin, a wave of excitement hit large-cap altcoins, which moved in tandem.
- SOL (+7.3% / $144.39): Extends its recovery streak as ecosystem TVL and user growth push higher.
- XRP (+3.8% / $2.17): Rallies alongside broader market, supported by cross-border settlement demand.
- BNB (+3.0% / $924.36): Steady climb amid rising activity across Binance-linked L2 and DeFi products.
- ADA (+10.6% / $0.479): Outperforms majors as traders rotate into undervalued alternative L1s.
HYPE continues to bleed
HYPE, the native token of Hyperliquid, was one of the few large tokens in the red, falling 7.25% to $27.74, marking its weakest levels since May. The decline extends a month-long slide that has erased nearly 30% of the token’s value, even as activity on the Hyperliquid ecosystem remains high.
The sell-off comes just as Hyperliquid Strategies, a Nasdaq-listed HYPE treasury firm, announced a $30 million stock buyback aimed at increasing per-share exposure to the token. CEO David Schamis said the move is intended to give investors “efficient access” to the token, though market reaction suggests confidence has yet to stabilize. Analysts say persistent sell pressure and uncertain macro conditions continue to weigh on the asset.
Traders eye Bitcoin’s path to $100K
With BTC pushing above resistance, analysts say the next key level is $100,000. Ripple CEO Brad Garlinghouse recently projected Bitcoin could reach $180,000 by 2026, citing improving U.S. regulatory clarity and surging institutional adoption. Others, like Cardano’s Charles Hoskinson, have suggested an eventual path toward $250,000, supported by ETF inflows and broader real-world use cases.
For now, the market is watching liquidity flows closely as crypto enters what many expect to be a decisive phase for the next major uptrend.
Also read: PNC Teams Up with Coinbase to Offer Bitcoin Trading
