Bitcoin surged past $97,000, nearing $100,000 resistance levels, while altcoins like Cardano and Stellar posted double-digit growth. Crypto market capitalisation expanded to $3.41 trillion, driven by institutional interest and growing adoption.

Bitcoin has achieved a significant milestone, breaking through the $97,000 mark in its continued upward trend toward the $100,000 resistance level, which has been challenging to surpass in recent weeks. The cryptocurrency recorded impressive trading activities, with its market capitalisation reaching $1.913 trillion, reflecting over 56% dominance in the crypto market. This surge can be attributed to rising institutional interest, as seen in U.S.-based Bitcoin exchange-traded funds (ETFs) edging closer to a cumulative holding value exceeding $110 billion, representing around 5.7% of Bitcoin's total supply. Major altcoins displayed promising performances, led by Cardano with a growth of 11.5%, XRP climbing by 3.6%, Stellar advancing 9%, and Solana rising by 2.7%. Ethereum, the second-largest cryptocurrency, also saw gains with a 1.6% increase, trading at $3,452. The broader crypto market experienced a robust expansion, with its total value growing by 1.5% to approximately $3.41 trillion. Stablecoins continued to dominate daily trading activity, making up 92% of the market's 24-hour trade volume, amounting to $108.1 billion. Analysts highlight that the sharp upward momentum, combined with improved market sentiment as reflected in the increasing Fear-Greed Index, has fuelled greater investor optimism. Bitcoin’s next immediate resistances are pinpointed at $98,400, while finding support near $95,000. This trend underscores a dynamic and evolving landscape in cryptocurrency trading, both for Bitcoin and alternative coins, suggesting growing mainstream adoption and significant institutional backing. Smaller cities in India are also reportedly contributing to the burgeoning crypto market, demonstrating its expansive traction across both geographical and demographic territories. Although market conditions remain volatile, the recent rally points towards broader acceptance and confidence in digital assets, despite continual price fluctuations. Leading experts stress that the rapid developments in key regions and innovations, such as ETFs, are anticipated to significantly shape the crypto sector in the near future.