This happened even as global markets showed signs of caution. Many traders are now watching closely to see if Bitcoin can keep holding above 95000 dollars while other major coins move in mixed directions.
On Thursday Bitcoin traded near 96200 dollars. It was up about one percent in the last day and around six percent over the past week. Ether stayed close to 3300 dollars. It showed smaller gains after rising strongly with Bitcoin in recent days. The market mood was calmer compared to the start of the rally.
Outside the crypto space the picture was less positive. Oil prices fell after several days of gains. This came after news that the United States may delay military action against Iran. This reduced short term fear around global conflict. At the same time gold and other metals moved lower after hitting record levels earlier. Asian stock markets slipped and United States stock futures also moved down as investors reduced exposure to tech shares.
Even with this softer global mood crypto prices had already moved higher earlier in the day. The total value of the crypto market rose close to five percent and reached about 3.25 trillion dollars. This pushed prices to their strongest levels in months before buying slowed down. Many traders chose to pause and review the move instead of rushing in.
Market mood indicators also showed change. The crypto sentiment index climbed to 48 which was the highest reading since late October. This suggests traders are more willing to take risk after being very careful near the end of last year. Confidence has improved but it is not yet extreme.
Bitcoin recent price action has improved its overall chart picture. The asset has moved past several key resistance levels. This opens the door for a possible push toward the 100000 dollar area if buying returns with strength. Still the price movement on Thursday looked more like a pause than the start of another strong jump.
While Bitcoin and Ether held their gains other large coins showed mixed results. Solana and BNB stayed firm. XRP fell about three percent over the day. Dogecoin also dropped more than three percent. This kind of split performance often appears after a fast rise. It can mean traders are taking profits and waiting for fresh news.
Stablecoins stayed calm. Tether and USDC remained close to their one dollar value. This shows there is no sign of panic selling or stress in the system. Funds are staying inside the market rather than rushing out.
Looking ahead traders are focused on upcoming United States economic data. Most expect no major change in interest rate plans before midyear. Because of this Bitcoin ability to stay above 95000 dollars is seen as a key test. If it holds then confidence may slowly build again. If not the market may continue to move sideways for a while.
For now the crypto market is taking time to absorb recent gains. A strong move higher would likely need wider support from many coins. If weaker coins keep falling it may confirm that this rally is resting instead of speeding up.
