Bitcoin is trading near the $62,000 level after recovering from around $58,000 a week earlier. Investors remain cautious amid persistent inflation, Middle East geopolitical tensions, energy price shifts and ETF flows. In the past day Bitcoin rose 1.37 percent while Ethereum gained 2.30 percent to reach $1,754. Several major altcoins including BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin and Cardano advanced as much as 6.83 percent. Global crypto market capitalization increased 1.38 percent to $2.17 trillion according to CoinMarketCap. Analysts noted that expectations of easier Federal Reserve policy supported risk assets and helped Bitcoin move above $60,000, with Ethereum also benefiting from fresh ETF inflows. Technically Bitcoin holds support at $60,000-$61,000 with resistance seen at $63,000-$64,000. Ethereum support is viewed at $1,650-$1,680 and resistance at $1,750-$1,800. Over the past week Bitcoin rose 3.62 percent and Ethereum 11.05 percent while altcoins gained up to 19.16 percent. Bitcoin rebounded from a double-bottom near $58,000 though daily momentum indicators remain subdued. Ethereum showed stronger recovery with its daily momentum measure moving above 50. Ethereum and Solana products drew inflows while Bitcoin ETFs recorded net outflows exceeding $290 million.
