On Thursday morning, BTC was trading around $77,794 and briefly experienced a 0.4% increase over the past 24 hours. This movement shows that Bitcoin is still relatively strong compared to other crypto assets. Over the past week, BTC has recorded a gain of around 4% while several altcoins have actually weakened or moved sideways.
Ethereum (ETH) fell 0.7% to $2,344, XRP weakened 1.7% to $1.42, Solana (SOL) dropped 1.5% to $85.83, and BNB corrected 0.6% to $635. This condition indicates that the market rally has not been evenly distributed and is still concentrated on Bitcoin.
One important signal comes from the funding rate, which has remained negative for around 47 days. This shows that sentiment in the market is still bearish and there is not yet strong confidence from market participants to push prices higher.
On the other hand, geopolitical pressure is further worsening sentiment. The U.S. naval blockade near Iran, the closure of trade routes, and rising tensions in the region continue to trigger global uncertainty. This condition is also reflected in Brent crude prices, which have remained above $95 per barrel.
Analysts believe that if Bitcoin falls below $76,000, then the $79,388 level could become a temporary peak. On the other hand, to continue the upward trend, the market needs new catalysts such as improving global sentiment or the inflow of institutional capital.
For now, Bitcoin is still leading the market, but without altcoin support, this rally appears fragile and at risk of losing momentum.
