Bitcoin and Ethereum traded near the $78,000 mark and the $2,300 level respectively, with both assets consolidating after seeing a strong rebound. The cryptocurrencies traded at $77,550 and $2,316 mark respectively.
In the past 24 hours, Bitcoin saw a marginal decline of 0.3% whereas Ethereum was up 0.25%. Among the major altcoins, XRP, BNB, Solana, Dogecoin, Hyperliquid, and Cardano gained upto 1.5% whereas Tron slipped 1.3%.
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The global crypto market capitalisation edged down 0.08% to $2.59 trillion, according to CoinMarketCap.
Riya Sehgal, Research Analyst, Delta Exchange said Bitcoin remains on track for its strongest monthly performance in a year, even as short-term momentum cools. Adding to this, Bitcoin dominance has climbed to 60.6% in late April, after ranging between 58–60% through Q1 2026, highlighting continued capital concentration into Bitcoin.
Sehgal further said that technically, Bitcoin maintains a higher high-higher low structure on the 4-hour chart, holding above key demand zones, indicating underlying strength if support sustains. Ethereum, however, is relatively weaker, trading in a tighter range with short-term lower highs, reflecting cautious sentiment.
In the past week, Bitcoin was up 0.5% and Ethereum slipped 4%. Among the major altcoins, XRP, BNB, Solana, Dogecoin, Hyperliquid, Tron and Cardano fell up to 8.8%.
WazirX Market’s Desk said Bitcoin is currently trading around $77,825, consolidating near recent highs after a strong upward move earlier in the week. Ethereum is hovering near $2,300, remaining sensitive to broader risk conditions.
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“On the macro front, tensions in the Middle East, particularly around the Strait of Hormuz, have pushed oil prices above $100, raising fresh inflation concerns. Alongside uncertainty about US monetary policy and developments in Federal Reserve leadership, traditional markets have faced pressure, while crypto has held relatively steady. This divergence continues to support Bitcoin’s positioning as an alternative macro asset.”
Overall, Bitcoin's dominance remains elevated at 58–60%, reinforcing that capital remains concentrated in major assets amid ongoing macro and regulatory uncertainty, said WazirX Market’s Desk.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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