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đ Market Pulse
Bitcoin and Ethereum are flying high this Monday as global uncertainties hit the US dollar, creating a perfect storm for crypto bulls.
Bitcoin jumped 3.3% to $87,518Ethereum followed with a 3.4% rise, hitting $1,646Global crypto market cap surged 2.7% to $2.75 trillion
This rally comes as the US Dollar Index (DXY) drops to 98.5, its lowest since April 2022, marking a 10% fall in just three months.
"Bitcoin has bounced back strongly after dipping to $74,500 earlier this month," said Riya Sehgal, Research Analyst at Delta Exchange.
"A weaker dollar fuels risk-taking, and crypto markets are clearly benefiting."
đ¸ What's Fueling the Fire?
Institutional Buying: Big players are entering again, including Strategyâs massive 3,459 BTC purchase.
ETF Inflows: Steady money inflow into crypto ETFs is pushing liquidity and sentiment.Stronger Momentum: The combination of technical breakouts and macroeconomic shifts is pushing Bitcoin toward a bullish phase.
"BTC looks firmly bullish with momentum building toward the $90,000â$94,000 range," said Himanshu Maradiya, Founder and Chairman of CIFDAQ.
"This could attract both institutions and everyday investors."
đŞ Altcoins Catch the Wave
Itâs not just Bitcoin stealing the spotlight. Several altcoins are on the rise:
Chainlink jumped 5%Sui led the pack with a 6% surgeAvalanche and Hedera gained 4% and 5% respectivelyXRP, Dogecoin, and Cardano each climbed around 3%Solana edged up 1%, while Shiba Inu rose 2.5%Toncoin added 2% to its value
đŽ What's Next for Crypto?
Bitcoinâs market cap now stands at a whopping $1.737 trillion, with its dominance at 63.06%. A sustained breakout above $90K could signal a major bullish phaseâand possibly spark the long-awaited altcoin season.
"Ethereum is climbing back toward $2,600. If Bitcoin holds strong, we could see altcoins explode next," said Vikram Subburaj, CEO of Giottus.
â ď¸ Final Takeaway
Dollar crash = crypto cashInstitutional bulls are backAltcoins gaining momentum$90K Bitcoin is the next big hurdle
Stay alert. Stay informed. The crypto bull run may just be heating up!
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