In a new shot of vigor for the digital asset ecosystem, Bitcoin (BTC), the unequivocal king of the crypto space, surpassed the $88,000 milestone in early Tuesday trades. The leap suggests increasing bullish pressure as investors start looking past recent market nervousness. As the global cryptocurrency market cap is currently pushing towards $2.75 trillion—up 0.14% within the last 24 hours—there’s no doubt the new wave of careful optimism among crypto traders.
Kaspa (KAS) stole the spotlight as the day’s top-performing altcoin, surging nearly 14% in just 24 hours. Meanwhile, Aptos (APT) remains stuck in a downtrend, chalking up its fourth consecutive day as the biggest loser, shedding more than 5% as bearish pressure persists.
Bitcoin (BTC) Price Today
When writing this, Bitcoin was selling at $88,098.21 internationally, and approximately ₹73.34 lakh on Indian exchanges. That’s a 0.81% rise over a mere 24 hours, and while it seems modest, the background paints a larger picture.
Traders are following Bitcoin’s actions above the $88,000 mark closely, as this is a breakout from a recent period of consolidation. Edul Patel, co-founder and CEO at Mudrex, cited fresh institutional demand and substantial growth in worldwide liquidity. “BTC spot ETFs recorded more than $300 million of new inflows, and Strategy alone added 6,556 BTC to its positions,” he mentioned. Now, all eyes are on whether Bitcoin can break the psychological $93,000 resistance level, with a good support base of $85,000.
Joining the bullish story is macroeconomic pressure on fiat currencies. The weakening U.S. Dollar Index, which fell below 98—its lowest in three years—has been a catalyst. Analysts at CoinSwitch pointed out that Bitcoin is now trading above both its 20- and 50-day moving averages, a clear bullish sign that this rally has legs.
Ethereum (ETH) Price Today
While the path of Bitcoin appears to be upward, Ethereum (ETH) is yet to establish its position. At $1,577.81 on the global scale (₹1.38 lakh in India), ETH has lost 3.80% over the past 24 hours. But there’s a catch: according to on-chain data, there is heavy whale buying, with one buyer acquiring 3,844 ETH.
This may be signaling a potential rebound in the future, particularly if network fundamentals support sentiment in the market. Yet, Ethereum has internal issues. Vitalik Buterin’s contentious suggestion to substitute the Ethereum Virtual Machine (EVM) with RISC-V has polarized the community, and ETF outflows of more than $1.1 billion have contributed to the uncertainty.
Altcoins Consolidate, But Kaspa (KAS) Blazes Ahead
In altcoin space, the action was a blend of tight consolidation and surprise breakouts. Solana (SOL) lingered around $138.92 (₹11,898), falling 1.43%, while Ripple (XRP) fell to $2.08 (₹179.83), declining 1.82% in the last 24 hours. Litecoin (LTC) and Dogecoin (DOGE) both fell marginally, trading at $78.66 (₹6,727.30) and $0.1607 (₹13.24) respectively.
But Kaspa (KAS) bucked the trend. Rising 13.85% to reach $0.08963, Kaspa beat all the major tokens and established itself as a force to be reckoned with in today’s volatile world. Close on its heels were Fartcoin (FARTCOIN) and Kaia (KAIA) with gains of 11.35% and 9.00%, respectively, followed by Stacks (STX) and POL in the top five gainers.
Top Crypto Gainers (24h):
- Kaspa (KAS): $0.08963 (+13.85%)
- Fartcoin (FARTCOIN): $1.00 (+11.35%)
- Kaia (KAIA): $0.1132 (+9.00%)
- Stacks (STX): $0.7524 (+8.02%)
- POL (POL): $0.2043 (+6.14%)
In contrast, not everyone had a good day. Aptos (APT) fell to $4.85, and Theta Network (THETA) followed closely behind, plummeting over 5%. DeXe, JasmyCoin, and Ethereum Classic also experienced significant price corrections.
Top Crypto Losers (24h):
- Aptos (APT): $4.85 (−5.25%)
- Theta Network (THETA): $0.6256 (−5.11%)
- DeXe (DEXE): $14.56 (−4.97%)
- JasmyCoin (JASMY): $0.01422 (−4.37%)
- Ethereum Classic (ETC): $15.48 (−4.34%)
What the Experts Are Saying: Bullish Trends, Dollar Drama, and the Road Ahead
The overall mood is still bullish, but with caution. Pi42 CEO Avinash Shekhar thinks the action in Bitcoin is driven by the “halving momentum” and the increased open interest. “Traders are optimistic and are looking at $90K next,” he opined.
Unocoin’s Sathvik Vishwanath mirrored the hopefulness, anticipating that BTC is likely to test the all-time high in the near future if current trends prevail. “Bitcoin seems to be heading into a new accumulation phase,” he wrote, citing positive volume signals and ETF inflows.
BuyUcoin CEO Shivam Thakral attributed Bitcoin’s rally to a declining U.S. dollar and increasing demand for alternative assets. “Investors are rushing to Bitcoin as a hedge during uncertain times,” he said. Interestingly, finance expert Robert Kiyosaki has predicted a jaw-dropping $200,000 Bitcoin price target by 2025.
The CoinDCX research team pointed out the technical momentum gaining behind BTC, labeling the price action as a definite indication of market recovery. They also pointed out increasing Bitcoin dominance, as leading altcoins are trending sideways.
Is the Bull Market Back?
Bitcoin’s ascent past $88,000 isn’t merely a figure—it’s a sign. The story surrounding crypto is changing again, fueled by a combination of macroeconomic tailwinds, institutional interest, and investor attitudes. Whether it becomes a full-fledged bull market or undergoes another round of corrections will hinge on a number of changing variables, from ETF flows to worldwide financial policies.
But for the moment, the message is unmistakable: crypto is on the boil again, and the bulls are back in charge.
Disclaimer:
This blog post is for informational purposes only and does not constitute financial, legal, or investment advice. We do not guarantee accuracy, reliability, or security. Any actions taken based on this content are at your own risk. Always conduct your own research and consult a professional before making decisions.