"Bitcoin Holds Steady Near $95K as Market Eyes US Economic Data" ⏫🔥📈

$BTC Bitcoin remained steady near $95,000 on Wednesday as traders awaited key U.S. economic data, including inflation, manufacturing, and employment figures that could impact market direction. As of 12:05 PM IST, Bitcoin rose 0.2% to $94,937, while Ethereum dipped 0.56% to $1,806. The global crypto market cap edged down 0.2% to $2.97 trillion.

Analysts noted Bitcoin is in a consolidation phase, trading between $93,000 and $95,500. A breakout above $96,000 is possible if momentum continues, though $95,500 remains a strong resistance level. Liquidations over the past 24 hours totaled $185.57 million, impacting over 100,000 traders—BTC and ETH accounted for $67 million of that.

Strong ETF inflows have provided bullish signals. BlackRock’s IBIT ETF saw $970 million in inflows on Tuesday, its highest since November. U.S. spot Bitcoin ETFs also recorded $591.3 million in net inflows Monday, marking a seven-day streak. Analysts say the market is positioning for further gains, and Bitcoin may cross $100,000 if momentum holds.

Ethereum mirrored Bitcoin’s sideways movement, staying near $1,800 with low volatility. Among major altcoins, $XRP fell 1.5%, $BNB 1%, Solana 0.3%, Dogecoin 2.2%, Tron 1.7%, Chainlink 3.5%, and Avalanche 2%.

Bitcoin’s market cap rose to $1.884 trillion, boosting its dominance to 63.51%. However, daily trading volume dropped 19.3% to $25.03 billion. Stablecoins made up 92.71% of trading activity, totaling $70 billion.

Shivam Thakral, CEO of BuyUcoin, highlighted positive momentum in the digital asset market driven by improving macroeconomic conditions and easing trade tensions, including U.S.-India agreements. In a separate move, the Trump Organization said it would accept crypto payments for luxury condos in its $1 billion Trump Tower Dubai project, signaling broader adoption of digital assets.

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