Crypto markets enter consolidation phase as Bitcoin hovers near $87,000, Ethereum stuck below $3,000

The crypto market has entered a consolidation phase, with Bitcoin hovering near $87,000 and Ethereum stuck below the $3,000 mark. Bitcoin was recently trading at $87,552, down 0.43% in the past 24 hours, while Ethereum edged up 0.83% during the same period.

Among major altcoins, BNB, XRP, and Cardano slipped over 2% in the last 24 hours, whereas Solana, Tron, Dogecoin, and Hyperliquid gained more than 7%. The global crypto market capitalisation dipped 0.33% to $3.02 trillion, according to CoinMarketCap.

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CoinDCX Research Team said that the crypto markets seem to have entered a consolidation zone, as not much has changed in the past 24 hours, and the rest of the popular altcoins also trade around their respective resistances, indicating a consolidated bullish week ahead.

Bitcoin and Ethereum have gone down by 3.70% and 3.34% in the past week. Among the major altcoins, BNB, Solana, Tron, Dogecoin, and Cardano went down by over 8% whereas XRP gained 2.10% in the past week.

According to o WazirX Trading Desk, as macro-economic concerns mildly ease, liquidity slowly rotates back into risk assets, at least momentarily; this typically benefits crypto, which has been affected by the macro concerns around liquidity shortage and volatile political dynamics and Current market conditions indicate that Bitcoin could see a spike and is backed by its 24 hour price increase which indicates another attempt at touching the 88k mark after falling to 86k levels yesterday.

Experts predict a moderate leverage with controlled risk on the part of retail investors following the current price movement, but volatility could be driven by sudden shifts in equity sentiment, policy risks and trade tensions, WazirX Trading Desk added.

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Market perspective

Sathvik Vishwanath, Co-Founder & CEO, Unocoin

Bitcoin trades near key inflexion points as markets await fresh CPI data and the next FOMC decision. Softer inflation could lift rate-cut expectations, boosting liquidity and driving BTC toward resistance at $109K–$111K, with potential extension toward $115K–$120K.

Until macro clarity emerges, BTC is likely to remain volatile, reacting sharply to shifts in inflation expectations, yield movements, and institutional flows. This macro-technical blend now defines Bitcoin’s short-term direction more than crypto-native factors.