Altcoins mirrored the positive trend. Solana jumped 8.8%, Dogecoin rose 6.6%, Cardano gained 6.9%, and XRP advanced 6.5%. BNB was up 3%, while Toncoin, Tron, Chainlink, Avalanche, and Shiba Inu posted gains between 3–8%.“Altcoins are bouncing back as well, with Solana, Cardano, and Avalanche showing strong upward momentum,” said Vikram Subburaj, CEO of Giottus.
“Ethereum is holding well above the $1,500 level, which may act as a short-term floor if Bitcoin remains stable above $80,000. However, the market remains highly sensitive to any developments around U.S. tariffs.”
The Crypto Fear & Greed Index remained in the “Extreme Fear” zone, reflecting ongoing investor caution despite the price recovery.
Bitcoin’s market cap rose to $1.582 trillion, though its dominance in the broader crypto market slipped slightly to 62.58%. Daily trading volume surged over 70% to $84.59 billion. Stablecoins accounted for more than 94% of total market volume, reaching Rs 180.78 billion, according to CoinMarketCap.
What lies ahead for Altcoins: Looking at the future of diversified portfolios
Market sentiment remains cautiously bullish, with strong support at $75,900 and resistance near $84,000. A looming “death cross” — where the 50-day moving average approaches the 200-day MA — raises bearish concerns. However, long-term holders continue accumulating, signaling confidence in Bitcoin’s safe-haven appeal amid global uncertainty.
Short-term volatility may persist, but underlying fundamentals remain strong. Technical indicators and geopolitical factors will shape Bitcoin’s next move. Investors should watch for a breakout above $84,000 or a breakdown below $75,000 for key trend signals.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
