Bitcoin holds above $106k amid geopolitical jitters; Solana, Hyperliquid jump up to 7%

Bitcoin and major cryptocurrencies traded higher on Monday morning, recovering from recent volatility triggered by geopolitical jitters. The global crypto market cap rose by 0.87% to $3.31 trillion, according to CoinMarketCap.

As of 10:32 am IST, Bitcoin was up 0.63% at $106,273, while Ethereum gained 1.35% to $2,575. Altcoins also showed strength — Solana surged 7.2%, Hyperliquid jumped 6.8%, and Cardano climbed 1.5%. Other tokens like XRP, Sui, and Chainlink posted moderate gains of 1%–2.3%.

Investor sentiment strengthened, driven by solid institutional inflows through ETFs and a bullish hint from Michael Saylor regarding potential Bitcoin acquisitions.

"Bitcoin is eyeing a breakout above $106,000," said Edul Patel, Co-founder & CEO of Mudrex. "If it sustains this level, a move toward $108,500 is possible, with immediate support at $103,500."

On-chain data reflected stable exchange netflows, indicating strong investor confidence with no immediate sell pressure.

Avinash Shekhar, Co-founder & CEO of Pi42, added, “Despite over $1.16 billion in recent liquidations, Bitcoin’s resilience above $105K signals market recovery, supported by bullish technical signals like the golden cross and increased altcoin activity.”

Delta Exchange Research Analyst Riya Sehgal noted Bitcoin’s bounce from $103,200 to $106,200, with key resistance at $106,750–$107,500 and support at $104,000. She highlighted strong ETF inflows and Metaplanet’s $5.4 billion equity raise aimed at acquiring 210,000 BTC. Meanwhile, Ethereum faced a $2.1 million ETF outflow on June 13, ending a 19-day inflow streak, although whales accumulated 1.49 million ETH over the past month.

CoinSwitch Markets Desk observed Bitcoin consolidating between $104,500–$106,300, supported by heavy buying near $104.5K.

Analysts at NYDIG described the current low-volatility phase as a “summer lull”, expecting catalysts like the SEC’s GDLC decision and upcoming regulatory updates to drive the market’s next moves.

Source: Economictimes.indiatimes

Voice of Osiz

The crypto market’s resilience above $106K reflects growing institutional confidence despite global uncertainty. We believe strong ETF inflows and bullish signals like the golden cross indicate a healthy setup for Bitcoin’s next breakout. Altcoin momentum, led by Solana and Hyperliquid, further confirms the market’s appetite for risk-on opportunities.