The crypto market is posting a strong upswing today. Total market capitalization is up about 7.4%, reaching $3.24 trillion, with 95 of the top 100 assets in positive territory. Daily trading volume has climbed to roughly $189 billion.

 

Key Highlights

• Market cap rose 7.4% this morning (UTC).

• 95 of the top 100 and all top 10 major coins are in the green.

• Bitcoin (BTC) up 7% to $92,992; Ethereum (ETH) up 9.1% to $3,055.

• BTC’s 50-week SMA near $102,000 remains an important technical level.

• The UK has formally recognized crypto and stablecoins as legal property under new legislation.

• Market sentiment has moved out of extreme fear.

• U.S. spot ETFs saw mixed flows: +$58.5M into BTC ETFs and –$9.91M from ETH ETFs.

• Several major financial institutions have expanded access to crypto ETF products.

 

Performance Overview

 

All top 10 coins are higher today:

• BTC: +7% → $92,992

• ETH: +9.1% → $3,055

• SOL: +12.1% → $141

• DOGE: +11.3% → $0.1506

• TRX: +0.8% → $0.2801 (smallest rise)

 

Across the top 100 assets:

• 95 gained, 23 posted double-digit increases.

• Biggest gainers: Sui (SUI) +30.8% → $1.75; Chainlink (LINK) +19.6% → $14.41.

• Notable declines: LEO –4.3% → $9.42; MemeCore (M) –3.7% → $1.33.

 

Regulatory and Institutional Developments

• The United Kingdom has now legally recognized digital assets as protected property, strengthening rights related to ownership and recovery.

• Large financial firms have reopened or expanded access to Bitcoin ETFs, potentially increasing market participation.

• Major U.S. wealth platforms have begun allowing advisers to recommend Bitcoin ETF allocations.

 

Market Context

 

Analysts describe the current move as a strong rebound fueled by positive policy developments, improved institutional access, and expectations around upcoming monetary policy decisions. December rate-cut expectations are mostly priced in, with markets increasingly focused on the outlook for 2026.

 

BTC is approaching a key resistance band between $93,000–$95,000, an area last tested in April. A break above this zone could set up a move toward $98,000, then a retest of $100,000, and potentially the 50-week SMA near $102,000.

 

BTC has held above important support at $82,000 and has reclaimed the $89,000 cost basis level for ETF participants.

 

Levels to Watch

 

Bitcoin (BTC)

• Current: $92,992

• Intraday range: $86,410 → $93,928

• Weekly: +5.8%

• Targets: $98K → $100K → $102K

 

Ethereum (ETH)

• Current: $3,055

• Intraday range: $2,785 → $3,083

• Weekly: +3.8%

• Targets: $3,150 → $3,230 → $3,500

 

Market Sentiment

 

The crypto fear and greed index has risen from 16 to 22, shifting out of extreme fear. While sentiment has improved, traders remain mindful of broader macroeconomic uncertainty.