Bitcoin Holds Steady Above $107K; Analysts Eye $110K Breakout as Altcoins Show Mixed Results
Bitcoin holds steady above $107k, showing potential for a breakout towards $110k, spurred by dovish Fed policy and positive market sentiment. Ethereum is recovering, while altcoins display mixed results.
Bitcoin is showing strength today, June 26, 2025, as it remains firmly above $107,600. This bullish trend is supported by a more dovish stance from the US Federal Reserve and reduced geopolitical uncertainties, which has led to an improved risk appetite among investors. The leading cryptocurrency briefly peaked at $108,305 during the session before some profit-taking brought its price down slightly. Analysts remain optimistic about the market’s outlook.
Currently, Bitcoin is trading at $107,686.26, which marks a 1.31 percent increase over the previous 24 hours. Trading volumes have surged to $51.76 billion, based on the latest figures from CoinMarketCap. The cryptocurrency’s values have oscillated between $106,180.47 and $108,305.54 throughout the day. With a market capitalization of approximately $2.13 trillion, Bitcoin continues to hold its position as the world’s leading cryptocurrency by market cap.
Bitcoin’s price still hovers about 3.8 percent below its all-time high of $111,970.17 reached on May 22, 2025. Corporate interest in Bitcoin is rising as more institutional investors accumulate the currency; notably, Metaplanet has recently overtaken Tesla in BTC holdings, indicating increased trust in the digital asset.
According to Vikram Subburaj, CEO of Giottus Crypto Platform, the upward movement in Bitcoin is a result of the softer tone from the US Federal Reserve, alongside positive trends in equity markets. Analysts are watching open interest, which suggests there could be a push toward the $110,000 level before a potential reversal occurs. Subburaj adds, “If a pullback ensues, key levels around $106,000 and $104,000 should offer strong support.”
Riya Sehgal, a research analyst at Delta Exchange, points out that Bitcoin’s recent bounce above the $107,000 mark indicates strong confidence in the market. The cryptocurrency is successfully maintaining levels above the crucial short-term holder realized price of $98,000. Sehgal believes this level acts as both psychological support and a bullish signal for BTC. In her analysis, the current consolidation between $107,400 and $108,000 sets the stage for an impending breakout towards $110,000 and possibly $112,000.
In related news, the US dollar index has recently hit multi-year lows, lending to the narrative that Bitcoin is not just a cryptocurrency but rather a resilient high-growth asset during unpredictable macroeconomic conditions.
On the Ethereum (ETH) front, the cryptocurrency has bounced back nicely with a 15 percent increase from recent lows, now holding above $2,450. Currently trading at $2,473.06, it marks a gain of 1.53 percent in the last 24 hours, with trading volume recorded at $18.17 billion. Ethereum traded within a range between $2,394.61 and $2,519.62 over the past day, looking for a breakout beyond the key resistance at $2,550.
Other notable cryptocurrencies show mixed performance as well. Ripple (XRP) has risen by 0.33 percent, while Binance Coin (BNB) has increased by 0.30 percent. Conversely, Cardano (ADA) is down 2.2 percent, Hyperliquid (HYPE) has decreased by 2 percent, and Solana (SOL) has fallen by 1 percent. As for Tether, it’s remained stable, trading at $1.
In summary, Bitcoin is maintaining a strong position above $107,600, with analysts predicting a potential breakout toward $110,000. Corporate accumulation continues to bolster confidence, and sentiment in the market is generally positive. Ethereum is also showing signs of recovery, while altcoins display a mix of performance. Overall, the cryptocurrency landscape remains vibrant amid macroeconomic shifts and investor interest.
Original Source: www.business-standard.com
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