Bitcoin Today's Market: BTC up 2%, regaining the $96,000 level, leading the divergent crypto market

Source: PortaldoBitcoin Original Title: Bitcoin today: BTC trades higher, retakes the US$96,000 level, and leads the divided crypto market Original Link:

Market Overview

Bitcoin rose 2% this Thursday morning. According to CoinGecko data, it is priced at $96,939. This trend consolidates the recovery trajectory of mainstream cryptocurrencies, up 10% since the beginning of the year.

Bitcoin’s strong performance is spreading to some segments of the cryptocurrency market. Ethereum (ETH) is also rising, up 1.1%, with a trading price of $3,364.

Other gains include BNB (+0.3%), Lido Staked Ether (+1%), and Tron (+0.9%).

However, the top 10 cryptocurrencies by market cap suffered losses on Thursday. XRP declined 1.5%, trading at $2.11.

XRP Decline Analysis

XRP’s poor performance is mainly related to short-term technical factors. The cryptocurrency faced strong resistance around $2.17 and failed to maintain an upward trend, leading to profit-taking by investors.

Dogecoin Pressure

Dogecoin (DOGE) fell 2.6%, priced at $0.1442. The asset is under pressure from declining speculative demand for Meme coins and short-term technical factors. After recent gains, investors took profits on the rebound, accompanied by increased trading volume, indicating position exits rather than accumulation.

DOGE failed to sustain near the $0.15 level and lost an important support at the $0.145 region, intensifying selling pressure despite the broader crypto market remaining relatively stable.

Bitcoin Upward Drivers

Bitcoin rose on Thursday, supported by a slowdown in profit-taking by long-term investors. The cryptocurrency is again trading within a historically associated price range with selling pressure ($93,000 to $110,000), but this time, investor behavior is less aggressive than in previous cycles.

Analysis shows that wallets holding Bitcoin for over 5 months have significantly reduced weekly sales, decreasing the available supply in the market and helping explain the rebound after weeks of volatility. Although profit-taking continues, the more moderate pace allows the asset to better absorb selling pressure, creating room for the ongoing recovery observed since the beginning of the year.

In addition to supply-side relief, Bitcoin also benefits from the return of institutional capital flows. The US spot Bitcoin ETF has recorded consistent net inflows, attracting about $1.7 billion in just the past three days, signaling a renewed interest among large investors after a cautious period at the end of last year.

Analysts assess that this resource reinforcement strengthens the structural demand for the asset, supporting its price in the short and medium term. The recovery of ETF inflows occurs amid increased regulatory clarity and reallocation of risk assets, which helps Bitcoin perform positively amid global macroeconomic uncertainties.