The cryptocurrency market is in a turbulent rally-and-pullback phase today. $BTC briefly pierced above $94,000 as optimism around expected Fed rate cuts and institutional flows lifted sentiment total market cap gained roughly $60B during the move.
$ETH has been notably stronger, reclaiming levels above $3,300, driven by dwindling exchange reserves and renewed accumulation a bullish signal if sustained. Many analysts even highlight potential upside towards $112,000+ for BTC if favorable macro conditions persist.
However, volatility is painfully real. Bitcoin and ETH have slipped back toward $90K and $3,200 as traders digest mixed signals from the Federal Reserve and broader risk markets.
Market takeaway: Yes, there’s a rally vibe — but it’s fragile and sentiment-driven, not a clean breakout yet. Bulls should watch key levels: BTC above $99K and ETH reclaiming $3,500 for conviction.
Stay balanced. Risk appetite still swings faster than headlines.
