Cryptocurrencies continue their upward movement after Bitcoin crossed the $73,000 mark, with the total market capitalization rising to around $2.5 trillion.

The growth comes amid increased interest in digital assets and rising demand for alternative investments in the context of geopolitical tensions and volatility in traditional markets.

The market leader BTC is trading around $73,698, marking a daily increase of approximately 7.3%, while the weekly gain reaches nearly 7%.

Bitcoin chart



The rise follows strong flows into the crypto market and growing interest from institutional investors.

Ethereum (ETH) also reports significant appreciation, reaching around $2 181, representing almost a 9.7% increase for the day.

Among other leading cryptocurrencies:

BNB is trading around $664, with a daily increase of about 4.8%
XRP reaches around $1.46, climbing approximately 7.6%
Solana (SOL) surged to about $93.79, with nearly a 9.8% increase over 24 hours
Market fear remains high

Despite the price increases, market indicators show that investors remain cautious. The crypto fear and greed index stays around 19, classified as “extreme fear.”

This indicates that some market participants are still concerned about macroeconomic uncertainty and geopolitical risks, despite the strong recovery in prices.

Altcoins are also gaining speed

Market data shows that alternative cryptocurrencies are also rising, with the altcoin season index around 33 out of 100. This means Bitcoin continues to dominate the market, but some altcoins are beginning to attract additional interest from traders.

The average Relative Strength Index (RSI) is around 58.9, suggesting that the market is entering a stronger bullish phase, but has not yet reached overbought levels.

The rise in cryptocurrencies comes at a time when investors are actively seeking diversification amid tensions in global markets and fluctuations in traditional financial assets.

Crypto liquidations

Over the last 24 hours, over $500 million has been liquidated from the crypto market, with $306 million of those being Bitcoin positions.

Of the total liquidations, over $470 million are short positions, while $95 million are long.