Yeliz Akmaca 
The crypto market is experiencing a vibrant period. Ethereum and Dogecoin have grabbed attention with a 9% increase. Bitcoin, however, remains steady at $103,700. The total market capitalization grew by 1.7%, with investors displaying cautious optimism. A strengthening dollar and trade tensions are creating pressure on the market. Nevertheless, the overall sentiment remains positive.
Strong Rally from Ethereum and Dogecoin
Ethereum (ETH) has settled above $2,600. Dogecoin (DOGE) is trading around 0.2482 cents. Both cryptocurrencies achieved double-digit gains over the past week. Dogecoin’s rise has been fueled by social media momentum. Investors are closely monitoring the performance of these two assets.
Market Dynamics and Macro Factors
Bitcoin hovers around $103,700. XRP, BNB, Cardano (ADA), and Solana (SOL) gained between 3-5%. However, a stronger dollar and renewed trade tensions are impacting the market. FxPro analyst Alex Kuptsikevich stated, “The dollar’s strength has put pressure on cryptocurrencies.” Bitcoin is caught between its “digital gold” identity and being a risky asset.
QCP Capital investors noted: “BTC is stuck between its ‘digital gold’ role and a risky asset. As the macro narrative shifts from protectionism to trade optimism, BTC may remain range-bound.”
The Fear and Greed Index has stayed above 70 for four days, signaling strong buying appetite. Meanwhile, global markets are transitioning between protectionism and trade optimism. As Bitcoin approaches $105,000, investors are watching price dynamics closely. Kuptsikevich commented, “Bitcoin’s unpredictable nature persists. Will we see acceleration or failure around $105,000?”
Growing Institutional Investor Interest
According to CoinShares, institutional investors recorded $882 million in inflows last week. Bitcoin led with $867 million, while Ethereum saw $1.8 million in inflows. Solana experienced $3.4 million in outflows. This marks the third consecutive week of strong institutional interest. Solana’s outflows are notable despite $200 call options. Bitcoin ETFs saw $91.4 million in net outflows, while Ethereum ETFs recorded $13.5 million in net inflows.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.