Crypto Markets Hold Firm as Altcoins Surge and Institutions Stay Active
TradingView provided morning data that show Bitcoin holding a stable position just above $119,000. The market’s total capitalization increased, as institutional flows and heightened altcoin activity set the stage for growth in the past 24 hours.
Bitcoin traded in a narrow range, touching a low near $116,600 and fading from resistance near $119,300. Data confirmed a daily volume of about $993 million and a current market cap of $2.36 trillion.
The daily chart revealed Bitcoin’s price consolidates near previous highs. The simple and exponential moving averages provided support between $116,500 and $118,500. RSI held steady in the upper 60s, placing Bitcoin neither overbought nor oversold.
The MACD flattened, which signals declining momentum but not a break in the prevailing trend. Bollinger Bands widened slightly, indicating increased volatility. Bitcoin’s price stayed near the upper band, confirming market eagerness without signs of excess.
Daily spot Bitcoin ETF inflows reached $363 million, marking a 12-day run of net positive movement. The ETF inflow narrative provided a steady backdrop, reinforcing demand among large institutions.
These institutions used slight dips as buying opportunities rather than retreating from positions. Exchange order books and trading volume tell the story of ongoing but moderate liquidity and no panic selling.
Ethereum experienced a sharp rally, closing at $3,791 after a rise of nearly 4%. The daily chart showed Ethereum breaking well above $3,750, hugging the upper Bollinger Band during the move.
The 21-day EMA and 50-day SMA both gave strong support, while the RSI crossed 68, pointing toward continued but measured momentum. MACD remained positive and showed a slight narrowing between signal and main lines.
Improved flows stemmed from anticipation of the Q4 network upgrade and growing institutional purchases. Solana posted one of the best performances of the day, ending above $189 and up almost 7%.
The daily and 4-hour charts illustrated clear rotational interest into top altcoins. On-chain data supported this demand with upticks in volume and transactions.
XRP also advanced, holding robust support as speculation around a potential ETF approval showed no sign of fading. Litecoin rebounded more than 4%, clearing $120 and establishing a new support line.
Technical readings suggest that Litecoin’s move followed increased buying volumes at new daily highs, with RSI and MACD both strengthening. Altcoins such as Conflux, OM, ANI, and PENGU led the rally, each posting double-digit gains.
Conflux particularly stood out, nearly doubling on the day’s highest volume rise. Altcoin market volatility grew, with several tokens experiencing sharp profit taking in the late session.
The broader picture reveals a market balancing bullish institutional inflows with short-term rotations into high-beta altcoins. Investors track regulatory updates, ETF flows, and macro signals such as the GENIUS Act’s impact on stablecoin reserves.
Most large-cap cryptocurrencies maintain a bullish technical posture while volume patterns confirm legitimate interest rather than unsustainable speculation.