Summary of this article
Bitcoin trades near $96,000; momentum could reopen path to $100,000.
Analysts say holding $92,000–94,000 support crucial to extend rally upward.
Experts warn overbought conditions, profit-taking may trigger short-term volatility ahead.
Summary of this article
The crypto market is witnessing renewed strength, as Bitcoin climbed past the $95,000-mark and Ethereum traded above $3,300, with major altcoins also recording significant gains. Bitcoin was trading around $95,000 with a 3.50 per cent gain and Ethereum was trading above $3,300, up over 6 per cent in the last 24 hours.
Other major altcoins also saw notable gains. XRP was trading at $2.14, up by 4.12 per cent, Binance Coin (BNB) at $936, up 2.97 per cent, Solana (SOL) at $144.77 with a 2.48 per cent gain, Dogecoin (DOGE) at $0.1479, up by 6 per cent, and Cardano (ADA) at $0.4215, up by 7.53 per cent.
The global crypto market capitalisation rose to $3.24 trillion, marking a 3.36 per cent increase, according to data from CoinMarketCap.
Key Factors Behind Crypto Market Surge
Experts said the recent surge in crypto prices was due to a combination of macroeconomic factors and renewed institutional interest.
Akshat Siddhant, lead quant analyst, Mudrex, said: “The crypto market regained momentum after the US consumer price index (CPI) data came in softer than expected, driving fresh buying across digital assets. Geopolitical tensions in the Middle East have also strengthened demand for alternative safe havens. Bitcoin exchange-traded funds (ETFs) saw over $800 million in net inflows in the past two days, showing renewed institutional confidence.”
Sathvik Vishwanath, co-founder, Unocoin, said, “Bitcoin’s return to the $95,000–$96,000 range after weeks of range-bound trading reflects renewed institutional demand, with strong ETF inflows and tightening supply.” He added that Ethereum’s rise was also supported by increased on-chain activity, Layer-2 adoption, and growing Ethereum-staking, which was structurally supporting prices.
Can Bitcoin Move Towards $100,000 Mark Again
Bitcoin hit the $96,000-mark today after a month. Also, it has been nearly two months since it last approached $100,000, on November 13, 2025, according to coinmarketcap. With Bitcoin trading around $96,000, market participants are monitoring its next moves to see if gains can continue toward the $100,000 level.
On Bitcoin reaching $100,000 again, Siddhant said, “For the rally to extend toward the $100,000 mark, Bitcoin needs to secure a strong daily and weekly close above the $92,000–94,000 range. If this zone fails to hold, the market may enter a consolidation phase, with $88,000 likely to act as a key support level.”
Vishwanath added: “Bitcoin’s breakout above the resistance zone has triggered momentum-based buying from funds and algorithmic traders, accelerating the move. However, caution is still warranted, as both Bitcoin and Ethereum are entering short-term overbought territory, and sharp rallies are often followed by profit-taking.”
CoinSwitch Market Desk said that if Bitcoin holds above the $96,000-mark, the path remains open toward $100,000 and higher, while trading below $95,000 would signal short-term cooling.
While institutional inflows and macro cues continue to support prices, experts caution that short-term volatility and profit-taking could shape the next phase of the rally.
