By 11:00 AM IST, Bitcoin had gained 2.6%, trading at US$103,044.
Altcoins followed suit, with XRP, Solana, BNB, and Dogecoin recording gains of 4–5%. Ethereum rose 2.4%, while Sui led with a 9% surge. Cardano gained 5.9%, Chainlink 4.75%, Stellar 5.2%, and Shiba Inu 5.5%. A notable standout was $TRUMP, which rallied 13%.
The crypto market’s recovery comes amid concerns that overvaluation fears in US tech stocks—spurred by DeepSeek—could dampen enthusiasm for speculative assets like cryptocurrencies. Bitcoin’s close ties to US tech stocks, as evidenced by a 30-day correlation of 0.67 with the Nasdaq 100, add to its vulnerability.
“Bitcoin quickly recovered after a correction driven by a sell-off in tech stocks,” said Edul Patel, CEO of Mudrex. “The next resistance level is US$105,200, with support at US$99,800.”
Despite recent volatility, the broader crypto market has shown resilience. CoinSwitch Markets Desk noted, “Bitcoin has managed to recover and is currently trading near $103,000. While some see this as a short-term bounce, others remain optimistic about its long-term upward trend.”
Bitcoin’s market cap rose to US$2.045 trillion in the last 24 hours, with its dominance at 58.01%. Trading volume surged 119% to US$81.16 billion. Meanwhile, stablecoin volume accounted for 90.98% of the total crypto market’s 24-hour activity, reaching US$177.35 billion, according to CoinMarketCap.
“Global markets are navigating challenges and heightened competition, yet Bitcoin and Ethereum continue to bridge traditional finance with the decentralized future,” said Avinash Shekhar, Co-Founder and CEO of Pi42. “Patience and careful research remain essential for both traders and long-term investors in this evolving landscape.”