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The bellwether cryptocurrency moved within a 24-hour range of $104,206.52 to $107,664.50. As of 10:46 AM, Bitcoin was up 1.32% on the day.

The ongoing rally is being fuelled by institutional interest and leveraged positions. BTC futures open interest rose by 10.65% to $74.35 billion over the past week. Binance alone accounted for $12.28 billion of that, according to data from CoinSwitch.

US spot Bitcoin ETFs recorded net inflows of $41.7 million on Tuesday, marking their fifth consecutive day of gains. The CoinDCX research team noted, “Despite a small drop in the volume, the markets have surged, which indicates a drop in the bearish interference.”

Adding further context, Himanshu Maradiya, Founder and Chairman of CIFDAQ, observed, “The crypto market remains in a consolidation phase, with Bitcoin repeatedly testing the $106,000 level but facing resistance, while Ethereum struggles to sustain above $2,700.”Ethereum continued its upward trend, trading at $2,577.99 — up 0.38% in the past 24 hours — with a market capitalisation of $312.01 billion. The second-largest crypto asset by market cap has gained nearly 60% over the past month, outperforming Bitcoin.According to Riya Sehgal, Research Analyst at Delta Exchange, “ETH is currently testing the key psychological resistance at $2,500. While structural indicators remain bullish, elevated trading volumes and recent profit-taking may lead to short-term consolidation.”

Ethereum moved between $2,446.45 and $2,576.29 in the last 24 hours and saw a trading volume of $21.94 billion.

Most altcoins followed suit, with positive moves seen across the board. BNB gained 1.63%, Cardano (ADA) rose 2%, and Solana was up 0.56%. Dogecoin added 2.4%, while Avalanche, Stellar, and Shiba Inu all rose by around 1%. XRP, however, was slightly down by 0.11%.

XRP’s decline aside, overall sentiment across altcoins reflected cautious optimism. The broader market's total capitalisation rose to $3.4 trillion, with Bitcoin maintaining a 62.9% dominance.

Looking ahead, analysts say volatility is likely to stay high. For Bitcoin, maintaining levels above $105,000 is crucial for continued bullish momentum. Ethereum must hold above $2,200 to avoid deeper pullbacks.

In addition to market movements, broader developments could further impact sentiment. The CoinDCX team pointed out that “Big moves could be on the horizon, as some rumours suggest Coinbase could acquire USDC issuer Circle, despite IPO plans. Besides, Texas has just passed the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to invest in Bitcoin, which now awaits the governor’s approval.”