The cryptocurrency market showed moderate upward momentum on Saturday, with Bitcoin leading the charge at $111,567, reflecting a 4.38% gain over the past week.
Ethereum followed closely, trading at $3,938 with a 2% weekly increase. Total market capitalization reached $3.76 trillion, marking a 0.52% rise from the previous day.
Altcoins displayed mixed performance, with Solana and Dogecoin recording weekly gains of 4.06% and 5.58%, respectively. Tether maintained its $1 peg, while BNB and XRP saw moderate increases of 2.16% and 9.33% over the past seven days. The market’s overall sentiment remains cautious, reflected in the Fear & Greed index reading of 34, signaling “fear” among investors.
Institutional Activity and Market Indicators
Trading activity has been robust, with Bitcoin’s 24-hour volume reaching nearly $35.8 billion, and Ethereum at $22.4 billion. XRP also saw significant interest, with $4.3 billion in transactions over the past day. Average crypto RSI sits at 50.99, suggesting the market is balanced between overbought and oversold conditions. Altcoin season remains subdued, scoring 24/100, indicating that investors are favoring Bitcoin over smaller tokens for the time being.
Stablecoins remain a crucial backbone of liquidity in the market, with USDC holding $76.3 billion in market cap and steady trading volumes. Meanwhile, market watchers are monitoring emerging narratives around institutional adoption and Bitcoin-backed financial products, which continue to influence investor behavior and trading patterns.
Analysts caution that while the market has rebounded modestly, volatility remains high. Geopolitical developments, regulatory announcements, and macroeconomic factors could quickly reshape sentiment. Traders are advised to monitor key technical levels, liquidity conditions, and market trends closely in the coming days.
