Will Bitcoin break through $100k today?
📈 Crypto market cap tops $3 trillion – Total market value rises 2.7%, led by altcoins and Ethereum’s post-upgrade bounce.
🛠️ Ethereum gains after Pectra launch – ETH jumps 5% following the successful rollout of its latest network upgrade.
🪙 Altcoins rally – Berachain (BERA) and Celestia (TIA) lead with double-digit gains, up 14% and 13%, respectively.
📉 Fed holds rates steady – As expected, the U.S. central bank leaves rates unchanged, with Powell citing uncertainty around Trump’s tariff strategy.
CRYPTO markets are back in rally mode this morning, with the total market cap climbing 2.7% to reclaim the $3 trillion mark.
Ethereum (ETH) is front and center, up more than 5% after the network successfully rolled out its long-awaited Pectra upgrade yesterday, an update billed as a user-focused improvement to wallet infrastructure and usability.
Bitcoin (BTC) is also in the green, rising 2.7% overnight, though much of the upside is coming from the altcoin space. Berachain (BERA) and Celestia (TIA) are leading the charge, each up more than 13% in early trading.
The positive price action comes despite broader macro uncertainty. The Federal Reserve kept interest rates unchanged at yesterday’s policy meeting, an outcome broadly expected by investors. But Chair Jerome Powell struck a cautious tone on the potential fallout from President Trump’s shifting tariff agenda, saying, “It’s not at all clear what the appropriate response for monetary policy is at this time”.
Despite the murky macro backdrop, crypto traders appear to be leaning risk-on, at least for now. The question is: can the momentum stick?
In the markets…
🌍 Total crypto market cap ⬆️
The global cryptocurrency market capitalisation is approximately $3.08 trillion, reflecting a 2.79% increase over the last 24 hours.
🟠 Bitcoin (BTC) ⬆️
Price: Currently trading at around $99,531, marking a 2.61% increase in the last 24 hours.
Daily high: Approximately $99,641
Daily low: Approximately $95,967
📈 S&P 500 ⬆️
The S&P 500 index is up about 0.43% since yesterday.
🙂 Fear & Greed Index
The Crypto Fear & Greed Index currently stands at 53/100, indicating a slight neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The RSI for Bitcoin is approximately 74, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
