Bitcoin
The market is currently betting on the convergence of two trends: Dovish Fed commentary and accelerated retail rotation are accelerating the turn towards digital assets, says traders.
“Crypto continues its bullish trend,” said Nick Ruck, director of LVRG Research. “Institutional purchases are picked up and Jerome Powell's comments suggesting rate cuts quickly turned investor sentiment.”
Powell said this week that rate adjustments remain on the table, subject to successful trade deals and soft inflation, as well as the words the market took as the code for the late 2025 pivot.
At the time of pressing, Bitcoin was trading above $107,800, an increase of 1.6% in the last 24 hours. ether
It holds $2,480 with a gain of 1.8%. Solana's Sol, Dogecoin, XRP and BNB chains showed profits of less than 1%, but could move if BTC and ETH prices recover further.
FXPro's Alex Kuptsikevich said the overall market capitalization had previously fallen below the 200-day moving average and it has recovered sharply, saying, “We are confirming that level as new support.”
He also said Bitcoin has recovered its 50-day average and could accelerate momentum if sentiment applies, adding that BTC is about 5% below its recent high, lagging behind traditional tech benchmarks such as the Nasdaq 100.
“If crypto stocks keep up at this pace, they may soon catch up with traditional finance,” he said.
Meanwhile, fundamental demand is growing. ETORO data shows that US investors are increasing their crypto exposure amid weakening of the dollar and rising global uncertainty.
According to Coinshares, 89% of current holders plan to increase their crypto investments in 2025, while 75% of respondents are actively investigating their market entry points.
