Crypto markets show mixed signals with ethereum accumulation and bitcoin dominance

Ethereum whales have added significant holdings while bitcoin maintains market lead amid rising altcoin activity.

On Tuesday, Ethereum accumulators purchased $592 million worth of ETH as the price climbed to $2,400. This activity has increased speculation about a possible rally toward $3,500 in the coming days or weeks. At the same time, bitcoin dominance reached 61 percent, with the cryptocurrency continuing to lead overall market flows. Rising volumes in altcoins suggest a potential shift of capital across exchanges, though no specific outcomes have been confirmed.

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Bitcoin dropped to its lowest level since late March, trading near $65,000 as selling pressure intensified. The decline coincided with rising oil prices and weakness in U.S. stocks following Middle East developments. Ethereum also fell sharply, testing support near $1,800.

Bitcoin traded near $77,000 on Thursday, signaling a mild bullish trend, while Ethereum hovered around $2,300 with neutral momentum. Crypto markets posted modest gains over the past 24 hours despite mixed weekly performance. Analysts cite resistance at $80,000, ETF outflows, and macroeconomic pressures as key factors tempering short-term sentiment.

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Bitcoin climbed to a two-month peak near $78,000, driven by easing geopolitical tensions and growing investor confidence. Ethereum and altcoins such as XRP and BNB also posted gains. Analysts highlight technical indicators suggesting potential for further upside to $84,000.

Bitcoin and Ether posted their steepest weekly declines since the 2022 FTX collapse as the broader crypto market shed roughly $390 billion in value. The selloff followed a strong U.S. jobs report and mounting concerns over interest rates and competition from AI investments.

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