$BTC Bitcoin and other major cryptocurrencies traded higher on Monday morning, recovering from recent volatility triggered by geopolitical tensions. The overall crypto market capitalisation rose by 0.87% to $3.31 trillion, according to CoinMarketCap.

At 10:32 am IST, Bitcoin was trading 0.63% higher at $106,273, while Ethereum gained 1.35% to $2,575. Altcoins also showed strength, with Solana surging 7.2%, Hyperliquid up 6.8%, and Cardano rising 1.5%. Other tokens like XRP, Sui, and Chainlink posted gains of 1%–2.3%.

"Bitcoin is trading above $105,800, eyeing a breakout past the $106,000 resistance," said Edul Patel, Co-founder and CEO of Mudrex. "Investor confidence increased with strong institutional inflows through ETFs and Michael Saylor hinting at another Bitcoin purchase despite geopolitical concerns."

On-chain data reflected stable exchange netflows, indicating strong investor sentiment and no immediate intent to sell. Patel added that if BTC sustains above $106,000, a move toward $108,500 is likely, with support at $103,500.