Crypto Market Shows Strength Amid Bitcoin ETF Inflows
The cryptocurrency market showcased robust activity on Monday, March 16, with significant coins such as Bitcoin and Ethereum attracting fresh attention from investors. In the world of popular altcoins, BNB, XRP, Solana, Tron, Cardano, and Hyperliquid have experienced trading gains reaching as high as 7 percent. Analysts observed that the crypto market has demonstrated stability, as investors remain vigilant regarding macroeconomic indicators and shifts in international policy.The market remains steady as macroeconomic indicators are under careful observation. Nischal Shetty noted that the crypto market is holding steady as investors keep a close eye on macroeconomic indicators and institutional advancements. In recent updates from the crypto arena, governance tokens have shown significant upward movement in the last 24 hours, highlighted by APE’s rise of 6.32 percent. In the latest developments, AI & Big Data tokens such as FET and MDT have shown remarkable growth, with increases of 10.66 per cent and 4.48 per cent, respectively.
Shetty emphasized the ongoing experiments with blockchain infrastructure being undertaken by traditional financial institutions, especially the trials related to tokenised financial assets, marking a noteworthy advancement. “These experiments suggest that parts of the traditional financial system are exploring how blockchain can improve settlement efficiency and transparency,” he stated. He also highlighted Bitcoin’s price stability, which remains around the $70,000 mark, reflecting steady investor interest as markets monitor global macro indicators such as inflation expectations, oil prices, and potential central bank policy shifts. Recent macroeconomic commentary from policymakers has strengthened sentiment and stabilized risk assets, including cryptocurrencies, he added. Bitcoin experienced a notable surge, surpassing the $74,000 mark to reach $74,395, but faced challenges in maintaining those heightened levels. The latest update reveals that the top cryptocurrency has surged by 3.2 percent, hitting a price of $73,822, with a 24-hour trading volume recorded at $35.24 billion. Over the past day, Bitcoin experienced a price range from $71,282.33 to $74,395.78, while its market capitalization saw a rise of 3.27 percent, hitting $1.47 trillion. Despite the recent recovery, BTC remains over 41 percent below its all-time high of $126,198, reached in October 2025.
Harish Vatnani noted that Bitcoin is on track for its seventh consecutive green daily candle, indicating its strongest close since March 4. He noted that prices have consistently stayed above key long-term levels, including the 200-week EMA and the previous 2021 all-time high range of $68,300–$69,400, which supports a favorable perspective for the overall trend. Macro risks remain in the spotlight, with WTI crude oil attempting to regain the $100 per barrel threshold amid ongoing supply worries. Despite the recovery, market sentiment remains cautious, with Vatnani highlighting that the Crypto Fear & Greed Index is still in “Extreme Fear” at 16. US spot Bitcoin ETFs have achieved their first five-day inflow streak of 2026, accumulating around $767 million this week. “Bitcoin is currently trading in a range of $65,000 to $75,000, with a strong support zone from $65,000 to $60,000, while resistance is seen at $75,000 and $80,000,” said Vatnani.
Ethereum has outperformed Bitcoin, achieving gains of over 7 percent and holding steady above the $2,200 mark. In the most recent update, the second-largest cryptocurrency globally is valued at $2,261, marking a 7.54 percent rise, with a trading volume of $22.12 billion over the past 24 hours. Over the past day, ETH experienced a price range from $2,087.33 to $2,274.85, while its market cap saw a notable increase of 7.5 percent, now standing at $273.09 billion. Ethereum is presently valued at 54 percent less than its peak of $4,953, reached in August 2025. Riya Sehgal highlighted that a clean breakout could target the $2,300–$2,450 range, with support anticipated around $2,050–$2,070 to possibly buffer any declines. “Both BTC and ETH exhibit a short-term bullish bias, although consolidation or minor pullbacks may occur near resistance zones,” she added.
