Last Updated on 30/09/2026
Market Overview
The cryptocurrency market remains relatively quiet, with prices showing limited movement compared with the previous session. At around $2.87 trillion, total crypto market capitalization is cautiously recovering from last week’s low near $2.83 trillion. However, as long as the market stays below the $2.90 trillion threshold, the short-term technical trend remains bearish.
A stronger US dollar and uncertainty across equity markets continue to weigh on investor sentiment. Nevertheless, cryptocurrencies have frequently acted as an early indicator of changes in risk appetite. As a result, the recent stabilization in crypto could potentially be followed by improving sentiment in traditional markets over the next few sessions.
Bitcoin found support around $82.5K during Monday evening and early Tuesday trading. At the time of writing, BTC had recovered to approximately $84K, returning to the consolidation range seen over the past week. The current short-term setup suggests that Bitcoin may have established support after pulling back toward previous highs and allowing the earlier rally to cool. If bullish sentiment remains intact, BTC could attempt to break above $87K and reach fresh multi-month highs.
If the broader crypto market serves as an early gauge of global risk appetite, Ethereum can be viewed as a useful indicator of sentiment within the cryptocurrency sector. Ethereum has now posted seven consecutive weeks of gains, avoiding a deeper correction. On Tuesday morning, ETH moved above $2.7K after reaching around $2.8K last week.
The second-largest cryptocurrency continues to maintain a strong bullish structure and is making another attempt to move toward the $2.8K–$3.3K area. This region previously served as a consolidation zone from November through January and could become an important area for Ethereum in the sessions ahead.
News Background
Tom Lee, Chairman of Bitmine, said that asset tokenisation and the development of AI agents could emerge as two major growth drivers for the next cryptocurrency cycle. He argued that AI is increasingly influencing the digital economy, creating demand for dedicated payment systems and infrastructure capable of supporting AI-driven transactions.
Strategy has reported another Bitcoin purchase, marking its second consecutive week of acquisitions. The company bought an additional 1,666 BTC at an average price of approximately $85.7K per Bitcoin. Its total Bitcoin holdings have now reached 847,666 BTC, with an average acquisition price of around $75.4K per coin.
Bitmine also added 17,362 ETH to its holdings last week, bringing its Ethereum reserves to approximately 6.001 million ETH, equivalent to 4.92% of the cryptocurrency’s total supply. To reach its stated goal of accumulating 5% of the total ETH supply, the company would need to purchase another 100,000 ETH.
US spot Solana ETFs recorded approximately $188 million in inflows last week, representing their strongest weekly inflow since the funds launched in October 2025. Cumulative inflows into these products have now exceeded $1.6 billion.
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