Cryptocurrency Markets: BTC Breaks Above $106K, Alts Lag as Investors Wait for Signals

Key Points:

Bitcoin surpasses $106K, aiming for a retest of the all-time high.
Most major altcoins consolidate; Hyperliquid resumes its uptrend.
Macro signals and technical positions influence the rally stance.
Mixed outlooks for Ethereum, XRP, Dogecoin, as other crypto horizontals show varied trends.

Crypto market data showing price levels. Source: Coin360 — *Crypto market data daily view. Source: Coin360*

Bitcoin (BTC): Breakout Cues Rally with Target Near $112K

Bitcoin registered a decisive move above $106,000, aligning itself near the all-time high (ATH) of $111,980. According to CryptoQuant’s Darkfost, low asset inflows from whales and retail suggest cautious accumulation, with investors awaiting macroeconomic signals or confident in BTC’s long-term trend.

IG Markets’ Tony Sycamore forecasts a potential retest of $112K, contingent on holding above the $95K support. Technical analysis points to targets around $116K-120K, contingent on bull control.

BTC/USDT daily chart highlighting technical levels. Source: TradingView — *BTC/USDT daily chart. Source: Cointelegraph/TradingView*

Altcoins Overview

While many leading altcoins remain in lateral patterns, some move decisively. Ether accumulating significant inflows into large wallets (11 million to 16 million ETH). Hyperliquid (HYPE) has rebroken above $44, signaling continued bullishness if sustained.

Analysts caution against a uniform altcoin rally, highlighting the significant gap between Bitcoin leadership and broader Adoption.

Ethereum (ETH): Accumulation Adds to Bullish Narrative

Ethereum shows accumulation, with large wallets acquiring significant holdings (~$2.5B), suggesting institutional interest.

ETH/USDT daily chart displaying price action. Source: TradingView — *ETH/USDT daily chart. Source: Cointelegraph/TradingView*

XRP (Ripple): Range-bound with Upside Potential

XRP oscillates within a range ($2-$2.65). A decisive breakout above $2.65 could potentially trigger a move higher, while failure below $2 looks risky.

XRP/USDT daily chart showing oscillatory pattern. Source: TradingView — *XRP/USDT daily chart. Source: Cointelegraph/TradingView*

BNB, DOGE, ADA, SOLANA, and HYPE: Varied Technical Readings

Market sentiment diverges:

BNB: Traders attempt to breach $693, support at $634.
DOGE: Rally attempt stalls below $0.16. Bearish momentum increases. Target resistance at $0.21.
ADA: Defending $0.60 proves challenging. Breakfalls risk deeper domain around $0.50.
SOLANA: Trading above $140 finds support. Next moves hinge on breaks outside $140-$185 boundaries. Possible targets vs. $140 breach: $110.
HYPES: Reasserting bulls trigger surpassing $44. Next key levels are $50 and $37.71.

This article is not investment advice. All investment actions involve risk. Conduct your own research before making any decisions.