The overall cryptocurrency market cap is around $3.14 trillion, having slipped 1.1 % in the last 24 hours.
Bitcoin (BTC) is trading near $92,000 after a modest drop; dominance remains at 58–60% of the total market.
Ethereum (ETH) hovers around $3,150–$3,200, showing signs of stabilization and renewed accumulation interest.
📈 What’s Driving the Market
After a flash sell-off earlier this week, the market went through a “consolidation → plunge → rebound → fluctuation” cycle.
Some institutional optimism: a report from JPMorgan estimates BTC could surge up to $170,000 in the next 6–12 months though the path matters.
On ETH’s side, accumulation by large wallets (“shark wallets”) near current price levels suggests investors may be positioning for a rebound.
⚠️ Caution & Market Risks
Overall sentiment remains mixed: many altcoins are still weak, trading volumes have dropped, and broad risk-off sentiment (global macro factors, regulation uncertainty) is pressuring the market.
For stability, BTC needs to hold above psychological support levels (around $90,000); if it breaks below, a deeper drop could follow.
🔭 What to Watch This Week
Institutional flows & fund-level moves (especially in ETFs tied to Bitcoin and Ethereum).
Market reaction to upcoming macro / economic data — if risk-off sentiment rises globally, crypto tends to suffer.
ETH accumulation and network developments: if buyers keep collecting and upgrades deliver, ETH could bounce back strongly.
