“Bitcoin continued its upward momentum, trading over $114,800 as market sentiment improved with gold hitting new all-time highs. Historically, Bitcoin has followed gold’s trajectory as both assets are seen as safe havens. At the same time, whales continue to support the price action with transfers of over 3900 BTC in a day, suggesting potential big moves ahead,” said Edul Patel, CEO of Mudrex.
Also Read | Consistent performers: 17 equity mutual funds offer over 20% CAGR in 5 and 7 year horizons
“Meanwhile, Ethereum is also gaining momentum, trading above $4,200. If bulls manage to hold above this level, the market could see a strong surge in the coming days, setting the stage for Ethereum to retest higher levels,” Patel added.
At 9:34 AM IST, Bitcoin was trading at $114,431, up by 2.29% over the past 24 hours and by nearly 1.71% over the past week. Ethereum, meanwhile, was at $4,201, gaining 1.96% in the past 24 hours and 0.17% over the last seven days.
According to CoinMarketCap data, the crypto sector’s overall market capitalisation stood at around $3.92 trillion on Tuesday.
According to another expert, BTC trading at $114K shows resilience amid macro uncertainty and regulatory shifts.
“Institutional interest, especially via ETFs, is driving long-term optimism, while supply constraints post-halving strengthen bullish narratives. Technically, BTC faces resistance near $120,000, with support at $111,000. A breakout above resistance could open paths toward $140,000+, while downside risks remain if macro or regulatory headwinds intensify,” said Sathvik Vishwanath, Co-Founder & CEO, Unocoin.
Also Read | Pharma mutual funds sink 11% in a year: Will Trump’s tariffs worsen the pain?
“Volatility is amplified by leveraged futures activity, making short-term moves sharp and unpredictable. Despite risks, Bitcoin remains a key risk-on asset and a store-of-value hedge, increasingly influenced by global economic dynamics, investor sentiment, and evolving adoption trends in both retail and institutional circles,” the expert from Unocoin added.
as a Reliable and Trusted News Source