The crypto market keeps strengthening, with altcoins showing especially strong momentum — their prices have increased by 10–50% for the second day in a row. Bitcoin remains stable around USD 102,000, while major altcoins such as Ethereum and Solana are up about 2–3%. Overall, total market capitalization has risen by 1.5% to USD 3.5 trillion.
Among the top performers are once again: Internet Computer (+22%), Near Protocol (+19%), Filecoin (+45%), and Celestia (+23%). Meanwhile, privacy coins are correcting after a prolonged rally (Zcash –7%, Dash –30%).
Bitcoin Holds the $100,000 Test — What’s Next for the Market?
The recent dip of Bitcoin below the $100,000 mark tested both investor resilience and overall market confidence. However, the leading cryptocurrency quickly recovered its losses, confirming a new psychological floor.
Experts note that despite short-term volatility, Bitcoin’s long-term trend structure remains bullish. At the same time, the ongoing U.S. government shutdown is viewed by analysts as a key factor currently restraining further price growth.
Plan B: Mid-Cycle Pause, Not Market Euphoria
PlanB, the creator of the well-known Stock-to-Flow (S2F) model, sees the recent pullback not as a crash but as a natural pause in the middle of the market cycle. According to his analysis, Bitcoin has held above the $100,000 level for six consecutive months — signaling a solid shift from resistance to strong support.
According to the analyst, the market is still far from an euphoric phase: the Relative Strength Index (RSI) remains near 66 — well below the peak levels above 80 seen in previous bull cycles.
“Without that phase of euphoria,” PlanB emphasizes, “we are unlikely to reach the market’s final top.”
The analyst projects that the next major upward move could push Bitcoin’s price into the $250,000–$500,000 range if it continues to deviate above its fair-value model — a characteristic sign of an ongoing bull market.
The Altseason Index rose by 3 points to 27, while the total altcoin market cap remains nearly unchanged at USD 1.4 trillion. This indicates that rather than new inflows, existing capital is being redistributed within the market. The Fear & Greed Index sits at 25 points, showing that fear still dominates investor sentiment.
Ethereum and Bitcoin ETFs each saw outflows of approximately USD 500 million this week. However, according to media reports, JPMorgan increased its Bitcoin holdings by 63%, reaching a total exposure of USD 343 million.
The Solana ETFs launched two weeks ago have recorded inflows of USD 140 million, almost entirely from Bitwise, one of the two approved asset managers. Both 21Shares and Bitwise have also filed applications to launch Dogecoin ETFs.
Overall, the market showed signs of recovery this week, alternating between pullbacks and upward phases. The strongest performers included Zcash and Internet Computer. However, a clear trend has not yet emerged, as the main uncertainty factor remains liquidity conditions.
On one hand, several hundred billion dollars remain “locked” in the U.S. Treasury due to the government shutdown — these funds could flow into the markets once it ends. On the other hand, the probability of a second rate cut in December 2026 has fallen to 15%, whereas many analysts previously expected it. Lower liquidity, in turn, leads investors to sell risk assets such as Bitcoin and other cryptocurrencies.