Crypto Market Keeps Upbeat Vibe as Ether Hits Near $2.7K and Dogecoin Gains 9%.

Altcoins Charge Ahead as Ether Hits $2.6K, Market Sentiment Stays Upbeat Despite Headwinds

The crypto market continued its steady climb on Wednesday, led by notable gains in Ethereum and Dogecoin. Both ETH and DOGE surged roughly 9% over the past 24 hours, building on a strong weekly performance that has seen double-digit percentage increases.

According to CoinGecko, total market capitalization ticked higher by 1.7%, with Bitcoin holding near $103,700 in the Asian trading session. Ether crossed above $2,600, while Dogecoin hovered around $0.24. Other major altcoins like XRP, BNB, Cardano (ADA), and Solana (SOL) added between 3% and 5%.

Despite the bullish momentum, macroeconomic concerns are beginning to weigh on short-term sentiment. A strengthening U.S. dollar — fueled by tariff-related headlines — has cooled some of the recent exuberance. “With bitcoin nearing key resistance, and the dollar gaining strength, traders are locking in profits,” noted FxPro’s Alex Kuptsikevich.

Bitcoin, still well off its January highs, appears stuck in a broader tug-of-war. “It’s the battle between its role as ‘digital gold’ and a risk asset,” said Singapore-based QCP Capital in a client note. “This internal conflict may keep BTC in a tight trading range for now.”

Still, on-chain indicators and sentiment gauges remain favorable. The Crypto Fear & Greed Index held above 70 for the fourth consecutive day, signaling sustained optimism among market participants.

“Markets are watching BTC’s behavior near $105K,” Kuptsikevich added. “A breakout could trigger another leg higher, but hesitation may lead to a brief cooldown.”

Inflows into digital assets remained robust. CoinShares reported $882 million in institutional investments last week, the third straight week of positive net inflows. Bitcoin alone attracted $867 million, while Ether saw modest inflows of $1.8 million. Despite mild outflows of $3.4 million from Solana, options traders are betting big, with open interest climbing on $200 call contracts expiring in June.