Bitcoin nears $78,000 as crypto market cap hits $2.6 trillion; $1.9 billion ETF inflows signal strong demand
Synopsis
Bitcoin hovered near $78,000 as the global crypto market cap approached $2.6 trillion, supported by strong ETF inflows of $1.9 billion. While institutional demand remains firm, analysts highlight neutral sentiment and caution over volatility, as gains are driven more by futures activity than spot buying across markets.
Bitcoin trades near the $78,000 mark and traded between $75,700 and $79,100 this week. The crypto market cap hit $2.6 trillion. The cryptocurrency was trading at the $78,202 mark.
In the past 24 hours, Bitcoin was up 1.40% and Ethereum was up 0.68% to trade at $2,299. Among the major altcoins, XRP, Tron, and Hyperliquid rallied up to 2.83%, whereas BNB, Solana, Dogecoin and Cardano fell up to 1.37%.
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Riya Sehgal, Research Analyst, Delta Exchange, said sentiment remains neutral, indicating recovery rather than euphoria, and Bitcoin dominance above 60% shows capital is still concentrated in large-cap assets, while altcoins remain selective.
Crypto TrackerTOP COINS (₹) Bitcoin7,431,194 (1.77%)Ethereum218,700 (1.28%)XRP132 (1.1%)Tether95 (0.09%)BNB58,479 (0.03%)
Sehgal further said that on-chain data also shows treasury company participation rebounding from capitulation levels, a signal that has supported price moves in past cycles. However, recent upside has been driven more by futures demand than spot buying, which keeps volatility risk in play.
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The global crypto market capitalisation went up 0.93% to $2.59 trillion, according to .
In the past week, Bitcoin was up 0.87% and Ethereum slipped 0.70%. Among the major altcoins, XRP and BNB slipped 3.41% each, whereas Solana and Cardano were down 2.95% and 1.87%, respectively. Tron, Dogecoin, and Hyperliquid gained up to 9.21%.
WazirX Market Desk said Bitcoin traded between $75,700 and $79,100 this week, holding a steady uptrend while consolidating at higher levels, and buying interest remains strong, with dips getting absorbed and price staying above key moving averages, signalling a constructive structure.
“Institutional demand continues to support momentum, with U.S. spot Bitcoin ETFs seeing nearly $1.9 billion in inflows.”
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Ethereum ranged between $2,240 and $2,395, showing neutral momentum, and despite short-term consolidation, the price remains above key support levels, indicating steady demand, WazirX Market Desk further said.
(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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