Market Overview
Bitcoin remains steady after sharp swings earlier this week, holding ground near $93K and maintaining a firm trading structure. Ethereum stands out with a strong upward move following new network improvements. The broader market reacts cautiously, balancing profit-taking with renewed interest in high-liquidity assets.
- •Bitcoin holds near $93K with stable consolidation after early-week volatility, showing resilience despite a small daily move.
- •Ethereum leads gains among major assets with a 3.65% surge driven by the Fusaka upgrade, lifting the token above $3,180.
- •Market action stays mixed, though the total crypto market cap remains above $3.26 trillion, supported by gains in BNB, SOL, ADA, TRX, and HYPE while XRP and DOGE soften.
Bitcoin Price Holds Momentum
Bitcoin (BTC) continues to defend a key range as it trades at $92,835.33, reflecting a minimal 0.11% decline. Earlier in the week, BTC briefly exceeded $94,000 before retreating, yet it preserves strong market capitalization above $1.86 trillion and maintains dominance slightly above 57%.
The current structure signals consolidation, supported by consistent liquidity near present levels. Traders consider this a constructive phase, especially after BTC recovered quickly from the drop below $84,000 earlier this week. Additional derivatives data shows steady open interest growth, suggesting that market participants maintain active exposure rather than reducing positions.
Ethereum Surges Higher After Fusaka Upgrade
Ethereum (ETH) posts the strongest performance among large-cap cryptocurrencies. The token trades at $3,182.07, rising 3.65% in the past 24 hours. The Fusaka upgrade activated smoothly and encouraged new inflows, helping ETH reach a three-week high.
The update strengthens expectations for broader scaling improvements, and traders responded with renewed demand. This move places ETH back into a decisive upward structure not seen since mid-November. Analysts highlight that staking flows remain positive, adding another layer of support for the asset’s recent momentum.
Mixed Results Across Major Altcoins
Altcoins show uneven movement. Binance Coin (BNB) climbs 1.23% to $907.99, Solana (SOL) adds 1.03% to $142.89, and Cardano (ADA) increases 1.96% to $0.4452. TRON (TRX) moves steadily at $0.2807, while Hyperliquid (HYPE) rises 2.68% to $34.60.
XRP declines 1.21% to $2.14, and Dogecoin (DOGE) slips 0.53% to $0.1492. Even with mixed results, overall capitalization grows by about $40 billion, holding firmly above $3.26 trillion. Market rotation continues to favor assets with stronger liquidity profiles, keeping trading volumes elevated across major exchanges.
Bitcoin’s position near $93K and Ethereum’s renewed strength support a constructive outlook for the market.