Bitcoin holds firm near $76K, rebounds from dip as buying interest stays strong
Synopsis
Bitcoin traded in a narrow range near key resistance as mixed signals from ETF inflows and macro factors kept momentum subdued. Analysts say holding above key levels may support a gradual recovery, while failure could trigger short-term weakness. Broader sentiment remains cautious amid global uncertainty and fluctuating institutional participation trends.
Bitcoin is holding firm near the $76,000 mark on Tuesday, rebounding from the dip as buying interest stays strong, with volume witnessing a surge of 15% in the past 24 hours and recorded at $38.09 billion. The cryptocurrency was trading at $75,670.
In the past 24 hours, Bitcoin was up 1.55%, whereas Ethereum was up 1.11% to trade at $2,306 mark. Among the major altcoins, XRP, BNB, Solana, Dogecoin, and Cardano gained up to 1.50%, whereas Tron and Hyperliquid slipped 1.24% and 0.02%, respectively.
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Crypto TrackerTOP COINS (₹) Bitcoin7,088,500 (2.85%)Ethereum216,315 (2.7%)BNB58,965 (2.7%)XRP133 (2.57%)Tether93 (0.42%)CoinSwitch Markets Desk said higher oil prices can raise inflation worries, which usually impacts risk assets like crypto. In the short term, if Bitcoin holds above $76K, it could try moving toward $77K–$78K. But if it slips below, a short-term dip is possible before the next move.
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View Details »The global crypto market capitalisation was up 1.2% to $2.55 trillion, according to .
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The parallel pricing on other platforms placed BTC at $75,973, keeping the spot range between $75,900 and $76,000. The asset is positioned just below a resistance band that has not yet been cleared, said Vikram Subburaj, CEO, Giottus.
Subburaj further said that the market is testing resistance. ETF inflows between April 14 and April 17 totaled $1.29 billion, but the broader trend remains uneven.
In the past week, Bitcoin was up 1.72%, whereas Ethereum was down 2.41%. Among the major altcoins, XRP, BNB, Tron, Dogecoin and Cardano rallied up to 4.49%, whereas Solana and Hyperliquid corrected 0.71% and 8.07% respectively.
CoinDCX Research Team said Bitcoin continues to trade above $75,600 after rebounding from the local lows at around $73,700. The broader market is also displaying stability, with Ethereum prices holding above $2,300. The market sentiment is improving, as traders are slowly turning bullish.
Here is what other analysts say
Akshat Siddhant, Lead Quant Analyst, Mudrex
Bitcoin is on a recovery trend after holding support near $73,800, with buyers stepping in at key levels. The move is supported by strong institutional demand. Traders are now focusing on the macro indicators, such as the jobs data and the PMI reading, as we get closer to the upcoming FOMC meeting. While the markets have priced in no change in interest rates, the commentary remains a key influence on the market direction.
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Riya Sehgal, Research Analyst, Delta Exchange
The crypto market is in a macro-driven consolidation phase, with Bitcoin and Ethereum holding steady despite geopolitical and economic uncertainty. On the macro side, US–Iran tensions and oil volatility are keeping risk assets under pressure. At the same time, steady inflows into spot Bitcoin ETFs are supporting prices and limiting downside.
With Bitcoin dominance high and sentiment in the fear zone, the market remains in wait-and-watch mode. Near-term direction depends on macro cues and key technical levels, with volatility likely to stay elevated.
Harish Vatnani, Head of Trade, ZebPay
Ethereum is currently trading around $2,300 and is still sitting in a recovery phase after the February crash. The market has improved compared to last month, but let’s be clear, as this is not a confirmed bullish trend yet. The overall structure is shifting from bearish to neutral with a slight bullish bias, but the bigger trend is still not fully reversed.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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