The digital asset market experienced a significant relief, reversing recent declines and reclaiming the total global capitalization above $3.9 trillion. Bitcoin and Solana led the surge, showing notable resilience after a week of strong bearish pressures. This rebound occurs in sync with cautious macroeconomic optimism, even though Federal Reserve Chair Jerome Powell warned about the persistent “uncertainty” in the path of inflation.
The resurgence drove the pioneer digital asset, Bitcoin (BTC), to reclaim the psychological barrier of $114,000, closing the day near $113,985. Meanwhile, the high-performance network Solana (SOL) recorded a sharper 24-hour increase, climbing above $211.58 and maintaining a $113 billion market capitalization. The overall recovery has been broad, with 95% of the top 100 cryptocurrencies posting gains.
Global capitalization surpassed $3.9 trillion.
The recent strength in the crypto sector does not happen in a vacuum; it coincides with a firm base in traditional markets. The S&P 500 and the Nasdaq 100 extended their own rallies, fueled by gains in technology giants like Nvidia and Microsoft. Furthermore, the global economy showed a robust appetite for safe-haven assets, evidenced by gold hitting an all-time high, surpassing $3,800 per troy ounce. This alignment suggests that capital is returning to risk assets in general, even after the Federal Reserve implemented a 25 basis point rate cut.
Bitcoin’s RSI is neutral.
The analysis of technical indicators for Bitcoin and Solana offers a mixed picture, suggesting short-term caution despite recent price increases. For BTC, the Relative Strength Index (RSI) sits at 52, in neutral territory, while the Average Directional Index (ADX) at 18 confirms that there is no strong dominant directional trend. However, one bright spot is the 50-day exponential moving average (EMA50) which is still trading above the EMA200, a historically bullish cross. Nevertheless, independent technical analysts point out that the gap between these two averages is closing, raising the risk of a future “death cross” if the price fails to consolidate its position.
Solana shows a strong trend.
In contrast, the Solana outlook inspires a bit more structural confidence. Although its RSI is at 47, slightly in the bearish zone, traders interpret it as healthy consolidation after recent declines. The strength of its trend is confirmed with an ADX of 27, a level that indicates that bulls maintain control. Furthermore, SOL’s price remains consistently above its 50 and 200-day EMAs. A key catalyst for Solana is the imminent SEC decisions on ETF applications, which, according to financial market observers, have high chances of approval, potentially unleashing significant institutional flows.
Despite the visible bounce, the aggregated general sentiment, measured in prediction markets like Myriad, remains cautious. The odds of Bitcoin and Solana reaching major milestones (like $125K for BTC or a new all-time high for SOL) have narrowed significantly in recent weeks, reflecting that investors require more than a single day of gains to become fully optimistic. Market attention will focus on whether BTC can break its $117,000 resistance and, crucially, on the outcome of the regulatory decisions on Solana ETFs, which could serve as the necessary structural impulse to cement a true long-term trend recovery. ETF regulation will be a key boost.
