Bitcoin and major cryptocurrencies extended their gains on Monday as investor sentiment remained bullish despite looming US tariff concerns and key economic data releases later this week.

As of 11:26 am IST, Bitcoin was up 3.2% at $86,590, while Ethereum gained 2.3% to trade at $2,047. The global crypto market cap rose 2.94% over the past 24 hours, reaching $2.84 trillion.

Among major altcoins, Solana surged 5.9%, XRP rose 3%, Cardano gained 2%, and Dogecoin jumped 3.8%. Meanwhile, Chainlink, Avalanche, Hedera, and Stellar posted gains between 3% and 10%.

Crypto Tracker

“Bitcoin is holding above $86,000, registering a 3% gain today. The key resistance level to watch is $86,700; a breakout could pave the way for $90,000,” said Vikram Subburaj, CEO, Giottus.He added, “Spot ETFs saw positive inflows last week, fueling optimism among traders. Additionally, the Crypto Fear & Greed Index has climbed to 45, indicating a gradual shift in sentiment.”

Shivam Thakral, CEO of BuyUcoin, noted that regulatory engagement has also boosted confidence. “The crypto market has shown resilience, with Bitcoin rising 3.19%. Investors are closely watching the U.S. SEC’s recent crypto-focused roundtable, which signals a more structured regulatory approach.”Bitcoin’s market capitalization jumped to $1.727 trillion, with dominance rising to 60.73%. Its 24-hour trading volume soared 93% to $18.2 billion, while stablecoin transactions accounted for 94.74% of total crypto trading, reaching $57.58 billion, according to CoinMarketCap.Tech view by ZebPay Trade desk

Bitcoin bulls are making a renewed push, keeping the price above the 200-day simple moving average ($84,899) through the weekend. Ongoing tariff wars have added volatility to both traditional and crypto markets, increasing uncertainty. While Bitcoin faces resistance at the 20-day exponential moving average ($86,246), a positive sign is that buyers are holding firm, preventing significant losses to the bears.

Bitcoin chartETMarkets.com

After reaching an all-time high of $109,588, BTC began trading within a ‘Descending Triangle’ pattern, finding strong support at $90,000. Eventually, the asset broke below the pattern, leading to a price drop to $76,606.

Following this move, BTC has been consolidating, trading within a range of $80,000 to $87,500 with declining volumes. The asset has strong support at $80,000 and $73,500, while $90,000 and $100,000 remain key resistance levels for the bulls. A confirmed breakout above these resistance levels could trigger a further rally.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)