Bitcoin holds near $95,000 amid strong institutional inflows; Altcoins trade mixed

Bitcoin held steady near the $95,000 level on Tuesday, supported by positive institutional flows and strong technical signals. As of 12:59 PM IST, Bitcoin was up 0.2% at $94,838, while Ethereum gained 0.74% to $1,819. The global crypto market cap rose 0.2% to $2.98 trillion.

“Bitcoin is hovering near $94,900 as investors await a trigger for a breakout,” said Alankar Saxena, Co-founder and CTO of Mudrex. “Institutional developments, including Strategy’s $1.4 billion BTC purchase and Standard Chartered’s $120K projection, are boosting sentiment. Ethereum also looks strong with whale inflows up 2,682%, signalling a potential move toward $2,000.”

Altcoins were mixed. BNB, Tron, Chainlink, Polkadot, Bitget Token, and Pepe rose up to 3%, while XRP, Solana, Dogecoin, Cardano, Sui, and Avalanche dropped as much as 3.5%.


“Bitcoin remains in a consolidation phase with $96,000 acting as key resistance,” said Piyush Walke of Delta Exchange. “A breakout could be near as BTC holds above its 200-day moving average and RSI stays above 50.”

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Sathvik Vishwanath of Unocoin added, “Bitcoin’s 8% weekly gain is driven by bullish momentum and major inflows, including Strategy’s recent 15,000 BTC addition. Support lies at $85K, while upside targets remain near $100K.”

Despite $380 million in ETF outflows, Bitcoin stayed above the $93,000 support level. “Funding rates are positive, reflecting long interest, though the risk of a long squeeze remains,” said Vikram Subburaj of Giottus. “The Crypto Fear & Greed Index has entered the greed zone at 60.”

Also Read: Bitcoin surpasses Amazon in market value, now 6th largest global asset

Bitcoin’s market cap stood at $1.883 trillion, with dominance up at 63.25%. Daily volumes jumped 58% to $31.7 billion. Stablecoins made up 93.34% of total activity at $82.4 billion, according to CoinMarketCap.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)