Bitcoin has made a notable recovery, edging towards $92,000 as traders approach the week with cautious optimism in anticipation of significant US inflation data. This data is expected to influence the Federal Reserve’s monetary policy decisions, which could impact liquidity conditions within the crypto market.
In recent trading sessions, Bitcoin saw an increase of 1.42%, while Ethereum experienced a rise of 1.90%. Notably, several major altcoins also experienced gains, with Solana, Dogecoin, Cardano, and Hyperliquid all surging over 5% in the last 24 hours. Conversely, XRP, BNB, and Tron observed slight declines of nearly 1%.
Riya Sehgal, a Research Analyst at Delta Exchange, noted the positive sentiment in the crypto market. Bitcoin and Ethereum are leading this positivity, supported by on-chain and technical indicators that signal short-term bullish momentum. Bitcoin has successfully reclaimed key moving averages, while Ethereum has broken out of its recent consolidation phase. According to Sehgal, a sustained close above $92,000 for Bitcoin and $3,100 for Ethereum could confirm the emergence of a broader market recovery.
As of now, the global cryptocurrency market capitalization has risen by 1.49%, reaching $3.14 trillion, according to CoinMarketCap. The CoinDCX Research Team indicated that after a bullish weekend, Bitcoin is making attempts to stabilize above $92,000, although bears are putting up significant resistance.
Ethereum’s weekly performance showed minimal movement, up by just 0.02%, while Bitcoin faced a slight decline of 0.48%. Among altcoins, BNB, Solana, and Tron each posted increases of nearly 5%, whereas XRP, Dogecoin, Cardano, and Hyperliquid fell over 6% in the same time frame.
Harish Vatnani, Head of Trade at ZebPay, observed that while Bitcoin briefly approached $92,000 during US mid-morning trading, it struggled to maintain those gains and slipped back before the US market closed on Friday. Bitcoin has demonstrated considerable strength over the past ten days, breaking through the $90,000 resistance and rallying to a peak of $94,588. Currently, it is attempting to establish support around the $90,000 mark.
According to the CoinSwitch Markets Desk, Bitcoin has been consolidating between $90,000 and $92,000, with buyer activity near $90,000 indicating demand. However, the market has shown indecision with repeated rejections above $92,000, as traders await clearer direction. This pattern of remaining range-bound between $86,000 and $94,000 resembles its consolidation phase from March to May 2025, which ultimately led to a strong breakout.
Vikram Subburaj, CEO of Giottus, noted that Bitcoin has been trapped in a range, slipping below key psychological thresholds amid short-term profit-taking and mixed institutional flows. After testing the $94,000 to $95,000 zone earlier in the week, Bitcoin retraced, briefly dipping below $90,000 before stabilizing in the low to mid $90,000 range.
Nischal Shetty, Founder of WazirX, remarked that analysts are predicting modest institutional exposure, although ETF inflows have recently pulled back. Small sell-offs might trigger negative market sentiment, as currently, there are insufficient conditions for ETFs to signal increased capital allocation to the crypto sector, despite the declining value of the dollar.
