Bitcoin drops anchor near $95,000 as institutional momentum builds
📊 Bitcoin holds near $95K – BTC remains steady after a 7% weekly gain, trading just below $95,000 in early market action.
🚀 Altcoins post mixed results – Berachain (BERA) and Axie Infinity (AXS) gained over 4%, while Hedera (HBAR) and Aave (AAVE) retreated.
🏦 ETF inflows signal institutional return – US Bitcoin ETFs logged their strongest weekly inflows in weeks, pointing to renewed institutional confidence.
BITCOIN is holding firm near the $95,000 mark following last week’s strong rally, maintaining a more than 7% gain over the seven-day period.
The world’s largest cryptocurrency continues to benefit from a rebound in investor confidence, even as the broader digital asset market sends mixed signals.
Berachain (BERA) and Axie Infinity (AXS) posted overnight gains of over 4%, while other cryptocurrencies such as Hedera (HBAR) and Aave (AAVE) trended lower. The uneven performance across altcoins reflects ongoing caution among retail traders, even as capital flows into crypto funds point to improving sentiment.
US-listed spot Bitcoin exchange-traded funds saw their strongest weekly inflows in weeks, reversing a period of sustained outflows that had weighed on markets earlier in the quarter.
Considering the current market environment, an analyst at Standard Chartered forecast that Bitcoin could reach a new all-time high in the second quarter, driven in part by shifting capital away from US assets.
Whether this momentum can lift digital assets out of the malaise that marked much of the year’s first quarter remains to be seen. But for now, could Bitcoin’s resilience and fresh institutional demand be a sign of the market turning a corner?
In the markets
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $2.96 trillion, reflecting a 0.29% increase over the last 24 hours.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at around $94,833, marking a 0.29% increase in the last 24 hours.
Daily high: $95,301
Daily low: $93,665
📈 S&P 500 ⬆️
The S&P 500 index is up about 0.09% since yesterday.
🙂 Fear & Greed Index
The Crypto Fear & Greed Index currently stands at 51/100, indicating a neutral stance.
📊 Bitcoin Relative Strength Index (RSI) (14)
The RSI stands at 51, with 70 and above indicating an overbought position, and 30 and below indicating that the asset is oversold.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
