Bitcoin's consolidation around the $104,000 level, Riya Sehgal, research analyst at Delta Exchange, said, signals a maturing market showing resilience despite a sharp drop in spot ETF inflows
Among other altcoins, Cardano (ADA) was down 4.18 per cent, Solana (SOL) declined 4.08 per cent, Ripple (XRP) fell 2.18 per cent, and Binance Coin (BNB) dropped 1.7 per cent
Notably, Bitcoin is 4.73 per cent lower than its all-time high of $109,114.88, reached nearly four months ago on January 20, 2025
Breaking out of a prolonged consolidation phase, Bitcoin reached the six-figure milestone for the first time since February 2025, fueled by a broad shift in global market sentiment
Following the announcement, the flagship cryptocurrency Bitcoin reclaimed the $99,400 level, just 600 points shy of the $100,000 mark
the US has unveiled a draft crypto bill aimed at redefining digital asset oversight and strengthening investor protection, stating, 'The golden age of digital assets is here.'
Despite the sideways action, Bitcoin dominance has steadily increased to 63.46 per cent, indicating a lower risk appetite among investors
Bader Al Kalooti, MENASAT head of growth & operations at Binance, shares his views on the road ahead for cryptocurrencies, cybersecurity, and compliance issues for crypto exchanges
Bitcoin recently recorded its highest number of active addresses in six months, with over 925,000 addresses active in a single day
Bitcoin, Piyush Walke - derivatives research analyst, Delta Exchange, said, may encounter resistance at $100,000, a significant psychological level, and again around $107,000
Bitcoin's market capitalisation stood at $1.88 trillion, the highest among the cryptocurrencies
The world's most popular cryptocurrency, which also has the largest market capitalisation, has a 24-hour trading volume of $31.77 billion
Top trending cryptocurrencies included Ripple (XRP), Pudgy Penguins (PENGU), Casper (CSPR), Bubblemaps (BMT), and Walrus (WAL)
According to CoinGlass data, a break above the $95,000 mark could trigger liquidations of nearly $700 million in short positions, easing selling pressure and setting the stage for the next leg up
Market analysts attribute this rally in cryptocurrencies to increased institutional buying, a weakening dollar index, and other favorable macroeconomic conditions
This price stability, even as rate cuts are taken off the table for May, Riya Sehgal, research analyst at Delta Exchange, said, underscores crypto's evolving market maturity and its growing appeal
The petitioners wanted the court to tell the central government to create rules for cryptocurrencies since there is no law to control them right now
Investors' confidence, analysts said, stands strong as the White House plans to establish the Bitcoin Strategic Reserve using alternative government revenue sources
Following a strong recovery, the flagship cryptocurrency, Bitcoin, which had briefly touched $82,300, is stabilising around $80,000 as markets absorb softer-than-expected US CPI data
The Dollar Index (DXY) slipped to 103, diverging from Treasury yields-a trend that could support Bitcoin's near-term price action