The total cryptocurrency$EDU
market capitalization surged by 2.7% in the past 24 hours, reaching $3.38 trillion, with a brief spike to $3.40 trillion the previous evening. These are the highest levels since early February, driven largely by renewed enthusiasm in altcoins.
The Crypto Fear & Greed Index now reads 73, nearing the “extreme greed” threshold. Although bullish sentiment prevails, the index still remains below overbought territory, suggesting room for further upside.
Bitcoin $BTC
(BTC) continues to consolidate near $104,000 for the sixth straight day, showing classic rotation behavior near key psychological resistance. These price levels are closely aligned with the December–January all-time highs, positioning them as potential inflection points.
Meanwhile, Ethereum $ETH (ETH) trades around $2,615 after failing to break through the critical $2,700 resistance—a level that also coincides with the 200-day moving average. Following an impressive 55% rally over the past week, ETH appears poised for a cooling-off period or minor correction, with $2,400 as a potential support zone.
Macro Trends Supporting Momentum:
Global Liquidity Expansion: Analysts from Bitcoin Magazine note a significant rise in global M2 money supply, a macroeconomic trend historically correlated with BTC bull markets.
Smart Money Accumulation: On-chain data from Glassnode and Santiment reveal that wallets holding between 10 and 10,000 BTC have amassed over 83,000 BTC in the past 30 days—signaling growing institutional interest even as seasoned traders rema
in cautious.