Bitcoin hovers near $90,000 and Ethereum above $3,000, indicating a market consolidation phase. Both cryptocurrencies saw gains in the past 24 hours and week, with major altcoins also experiencing significant upticks. Analysts suggest cautious optimism as liquidity improves, with Bitcoin showing mild upside and Ethereum demonstrating stronger momentum, potentially setting the stage for further growth.
Bitcoin is trading near the $90,000 mark whereas Ethereum is holding above $3,000 level as the crypto market points toward a consolidation phase. The cryptocurrency was trading at $90,016 whereas Ethereum was trading at $3,112 mark.
In the past 24 hours, Bitcoin and Ethereum were up by 1.63% and 3.40% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid were up by nearly 12% in the past 24 hours. The global crypto market capitalisation edged up 2.51% to $3.08 trillion, according to CoinMarketCap.
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Nischal Shetty, Founder, WazirX says that global markets remain cautious as mixed macro signals and uneven liquidity conditions keep investors selective about risk exposure, a trend that is also reflected in crypto markets
Shetty adds that Bitcoin (BTC) is trading near $90,260, showing mild upside. Ethereum (ETH) is holding around $3,123 and trading volumes for both assets remain moderate over the last 24 hours, pointing to a consolidation phase as markets wait for clearer macro cues.
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In the past week, Bitcoin and Ethereum were up by 2.96% and 6.22% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin were up by over 16% in the past week whereas Hyperliquid was down by 4.60% in the same period.
Riya Sehgal, Research Analyst, Delta Exchange says that the rebound reflects improving liquidity after weeks of consolidation and on-chain data shows moderate sell pressure but no signs of capitulation, suggesting controlled accumulation.
Sehgal adds that overall, the market enters 2026 in a consolidation regime, Bitcoin steady, Ethereum showing leadership, and altcoins reviving as traders rotate into higher-beta assets, signaling cautious optimism and potential setup for the next leg higher later in the year.
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Sharing the technical perspective, Sehgal said that Technically, on 4 hour charts, Bitcoin has reclaimed the 200 EMA at $89,635, turning the short-term bias mildly bullish above $89,600 with resistance at $90,500-$92,000 and Ethereum’s structure is stronger, trading above all major EMAs with momentum favoring a push toward $3,250-$3,300 if $3,180 breaks.
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