Bitcoin hovers near $110K as bulls eye $125K, JUP, VIRTUAL, FET lead daily gains

After a weekend cooldown following its record-breaking surge, Bitcoin rebounded on Monday, bouncing cleanly off the $109,000 level as bulls re-entered the market.

Meanwhile, the total crypto market cap edged 2% higher to $ 3.45 trillion, supported by steady inflows across major assets.

Sentiment moderated slightly, with the Crypto Fear and Greed Index dipping to 73, retreating from “extreme greed” yet holding firm in “greed” territory, reflecting the resilient bullish undertone across the market.

Why is Bitcoin going up?

Although Bitcoin faced some profit-taking pressure after hitting an all-time high of $111,800 last Thursday, macroeconomic developments quickly revived upward momentum

On May 25, Bitcoin reclaimed the $109,000 level after US President Donald Trump announced a delay in the implementation of tariffs on European Union goods.

The move, which followed a call with European Commission President Ursula von der Leyen, eased investor concerns about an imminent escalation in trade tensions

Trump’s earlier threats of a 50% tariff had weighed on risk assets, briefly sending Bitcoin below $108,000.

But with the tariff deadline pushed to July 9, markets breathed a sigh of relief.

BTC responded swiftly, rising as much as 3.2% to an intraday high of $110,100 on May 26 from a low of $106,660 the previous day.

Market participants said the extension restored confidence in the broader uptrend.

Adding fuel to the recovery were growing concerns around Japan’s bond market, where long-term yields surged to record levels

Bitwise’s head of European research, André Dragosch, noted that instability in Japan’s sovereign debt market was prompting some TradFi participants to rotate into Bitcoin as a hedge against sovereign risk and potential default scenarios.

The yield on 30-year Japanese government bonds spiked to 3.185% on May 20, an all-time high, before easing slightly

Rising yields often signal market stress and fiscal sustainability concerns, further positioning Bitcoin as a non-correlated, counterparty-free asset during global uncertainty.

What’s next for Bitcoin?

Bitcoin has now entered a fresh price zone after tagging the $111,800 mark, and while a brief pullback followed, technical indicators suggest the uptrend remains intact.

Many analysts on X argued that the retracement toward $106,500 appears orderly, with that zone now acting as strong support, reinforced by the 0.618 Fibonacci level and a cluster of moving averages.

This structure fits a classic higher low formation, a bullish continuation signal that could set the stage for another leg upward.

Since the swing low at $91,500, Bitcoin has consistently formed higher highs and higher lows, a textbook sign of trend strength.

BTC’s close above $109,000 on May 25 marked the seventh consecutive green weekly candle.

If the current trend holds, Bitcoin could log an eighth by June 1.

Historically, such patterns have led to sustained rallies over the following six to 12 months.

“Since 2014, an eight-week streak of green weekly closes has occurred only three times,” noted analyst Carpe Noctom on X

“While the market has historically pulled back the week after, it has always been positive six months and one year later.”

Key downside levels to watch include $106,500 as immediate support, followed by $102,500, an area that previously acted as a floor between May 9 and May 19.

The psychological $100,000 mark also remains an important pivot should broader markets retrace.

Traders also remain focused on whether Bitcoin can maintain momentum above prior highs.

According to Micky Bull, Bitcoin needs to close above its January high of $109,000.

Mikybull 🐂Crypto

@MikybullCrypto
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THIS WEEK IS CRITICAL FOR THE BULL TO CLOSE ABOVE THE PREVIOUS ATH.

VERY CRITICAL INDEED

9:39 am · 26 May 2025
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For veteran trader Michaël van de Poppe, the continuation of Bitcoin’s rally hinges on whether it can maintain support between $105,500 and $107,000.

While acknowledging this zone as critical, he downplayed the risk of short-term pullbacks, framing them as part of a healthy uptrend.

BTC/USDT 4-hour chart. Source: Michaël van de Poppe

“I assume we’ll see new highs in the coming few days as the strength continues. Small dips, and continuation. On to $125K into June,” Poppe wrote.

A similar tone was echoed by analyst Cas Abbé, who noted that Bitcoin’s ability to recover back near $110,000 after the weekend dip sets the stage for price discovery.

Abbé projected $130,000 by July and over $160,000 by Q4, calling such a move “highly likely.”

His chart comparison to 2013, 2017, and 2021 suggests BTC may be entering the vertical phase of its bull run.

Cas Abbé

@cas_abbe
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$BTC is approaching its ATH again.

I told you again and again to not believe in Sunday dumps.

And now, BTC is back above $110K.

Soon, it’ll enter price discovery mode where the parabolic pump happens.

I think $130K BTC by July and $160K+ BTC by Q4 is highly likely.

1:17 pm · 26 May 2025
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At the time of writing, Bitcoin is hovering around the $110,000 mark, a key psychological level that now needs to be confirmed as support for further upside.

Broader signals such as steady institutional demand, a supportive regulatory environment, and easing macroeconomic pressures continue to strengthen the case for further upside.

Altcoin market

Over the past 24 hours, the altcoin market cap rose 7% to $1.38 trillion as roughly $100 billion entered the sector.

The Altcoin Season Index showed a reading of 28, implying we are still deep into the Bitcoin season, which has a stronghold over the broader crypto market sentiment.

Ethereum, the largest altcoin by market cap, was up 1.8% over the day, holding above the $2,500 support level while other large-cap altcoins such as XRP (XRP), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) held gains ranging between 1-3%.

Among the top 100 altcoins, Jupiter (JUP) led the pack with a 15.28% rise, fueled by investor interest ahead of a major update or milestone that the exchange teased yesterday.

Source: CoinMarketCap

Meanwhile, VIRTUAL and FET, both AI-related coins, also recorded gains of 15.13% and 11.91% respectively following reports that Nvidia will soon start mass-producing a new budget-friendly AI chip for China to sidestep export restrictions on its pricier H20 model.

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