The cryptocurrency market regained momentum on Monday, with total capitalisation climbing back above the $4 trillion mark.
Bitcoin, Ethereum, and Ripple all posted notable price action, supported by favourable macroeconomic indicators and increasing institutional activity.
Traders now await the Federal Reserve’s rate decision later this week, with most analysts anticipating a 25 basis point cut on Wednesday.
The outcome is expected to shape near-term momentum across the cryptocurrency market, which has seen renewed optimism despite ongoing volatility.
Bitcoin recovered above the $116,000 threshold, helped by expectations of US Federal Reserve rate cuts and political shifts that could broaden institutional adoption of digital assets.
The world’s largest cryptocurrency gained 3.72% last week but met resistance at the $116,000 daily level on Saturday before slipping slightly.
By Monday, it traded at around $116,300.
Market watchers suggest that a daily close above $116,000 could drive Bitcoin toward the psychological $120,000 level.
However, selling pressure from long-term holders could weigh on momentum.
Lookonchain reported that two Bitcoin wallets tied to an eight-year holder deposited 1,176 BTC—worth about $136 million—into trading platform Hyperliquid on Sunday and “started dumping.”
After a two-week break, the #BitcoinOG who exchanged 35,991 $BTC($4.04B) for 886,371 $ETH($4.07B) is back to selling $BTC! 2 wallets linked to this #BitcoinOG have deposited 1,176 $BTC($136.2M) to Hyperliquid in the past 2 hours and started dumping. x.com/lookonchain/st…
The same wallet had previously exchanged over $4 billion worth of Bitcoin for Ether in August.
Ethereum continued its upward momentum, trading above $4,600 with a weekly gain of about 8%.
The cryptocurrency broke through the $4,488 consolidation boundary on Friday, rallying 5.68% before pulling back 2.25% over the weekend.
At Monday’s levels near $4,620, analysts suggest ETH could extend its rally toward the record high of $4,956 if it holds above $4,488.
A drop below that level, however, could send prices lower toward $4,232.
Institutional flows are reinforcing Ethereum’s rally. Spot Ether ETFs saw $405.55 million in net inflows on Friday, marking a fourth straight day of gains.
BlackRock’s ETHA pulled in $165.56 million, while Fidelity’s FETH attracted $168.23 million.
Total Ether ETF inflows have now reached $13.36 billion, with net assets at $30.35 billion.
Ripple also posted gains after breaking out of a falling wedge pattern last week, a move that favours bullish sentiment.
XRP rallied 2.5% through Friday and Saturday before easing slightly on Sunday. By Monday, it hovered around $3.03.
If XRP sustains its upward momentum, analysts point to a potential move toward its $3.40 resistance level.
A downside correction, however, could bring it back toward the 50-day EMA at $2.94.
The post Crypto prices today: BTC holds steady around $116K, XRP trades above $3 appeared first on Invezz
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The cryptocurrency market regained momentum on Monday, with total capitalisation climbing back above the $4 trillion mark.
Bitcoin, Ethereum, and Ripple all posted notable price action, supported by favourable macroeconomic indicators and increasing institutional activity.
Traders now await the Federal Reserve’s rate decision later this week, with most analysts anticipating a 25 basis point cut on Wednesday.
The outcome is expected to shape near-term momentum across the cryptocurrency market, which has seen renewed optimism despite ongoing volatility.
Bitcoin recovered above the $116,000 threshold, helped by expectations of US Federal Reserve rate cuts and political shifts that could broaden institutional adoption of digital assets.
The world’s largest cryptocurrency gained 3.72% last week but met resistance at the $116,000 daily level on Saturday before slipping slightly.
By Monday, it traded at around $116,300.
Market watchers suggest that a daily close above $116,000 could drive Bitcoin toward the psychological $120,000 level.
However, selling pressure from long-term holders could weigh on momentum.
Lookonchain reported that two Bitcoin wallets tied to an eight-year holder deposited 1,176 BTC—worth about $136 million—into trading platform Hyperliquid on Sunday and “started dumping.”
After a two-week break, the #BitcoinOG who exchanged 35,991 $BTC($4.04B) for 886,371 $ETH($4.07B) is back to selling $BTC! 2 wallets linked to this #BitcoinOG have deposited 1,176 $BTC($136.2M) to Hyperliquid in the past 2 hours and started dumping. x.com/lookonchain/st…
The same wallet had previously exchanged over $4 billion worth of Bitcoin for Ether in August.
Ethereum continued its upward momentum, trading above $4,600 with a weekly gain of about 8%.
The cryptocurrency broke through the $4,488 consolidation boundary on Friday, rallying 5.68% before pulling back 2.25% over the weekend.
At Monday’s levels near $4,620, analysts suggest ETH could extend its rally toward the record high of $4,956 if it holds above $4,488.
A drop below that level, however, could send prices lower toward $4,232.
Institutional flows are reinforcing Ethereum’s rally. Spot Ether ETFs saw $405.55 million in net inflows on Friday, marking a fourth straight day of gains.
BlackRock’s ETHA pulled in $165.56 million, while Fidelity’s FETH attracted $168.23 million.
Total Ether ETF inflows have now reached $13.36 billion, with net assets at $30.35 billion.
Ripple also posted gains after breaking out of a falling wedge pattern last week, a move that favours bullish sentiment.
XRP rallied 2.5% through Friday and Saturday before easing slightly on Sunday. By Monday, it hovered around $3.03.
If XRP sustains its upward momentum, analysts point to a potential move toward its $3.40 resistance level.
A downside correction, however, could bring it back toward the 50-day EMA at $2.94.
The post Crypto prices today: BTC holds steady around $116K, XRP trades above $3 appeared first on Invezz
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