The cryptocurrency market posted solid gains over the past 24 hours, pushing total market capitalization to $3.86 trillion, up 2.34%. Bitcoin climbed 2.2% to $111,887, while Ethereum rose 3% to $4,123. XRP added nearly 3%, trading at $2.86, and BNB advanced 3.6% to $1,010. Solana led major altcoins with a 4.4% jump to $210. Dogecoin and Cardano also gained more than 3%.

Bitcoin recently climbed above $112,000 after dipping into the fear zone last week. Analysts point to the daily Relative Strength Index (RSI), which recently touched near oversold levels. Historically, these conditions have marked the start of new uptrends. Bitcoin also continues to trade above its 200-day moving average, a signal that the broader trend is still bullish.

The Fear and Greed Index shifted from “fear” to “neutral” following Bitcoin’s bounce, showing improving sentiment. Meanwhile, institutional demand remains strong. BlackRock’s iShares Bitcoin ETF has accumulated more than 760,000 BTC, reflecting confidence in higher prices ahead.

XRP and Ethereum have followed Bitcoin’s recovery, supported by expectations of ETF approvals and continued institutional accumulation. XRP is holding above important support at $2.67, while Ethereum saw significant inflows this week as digital asset treasuries purchased nearly $1 billion worth of ETH.

Long-term holders also play a role in keeping supply tight. In XRP’s case, a large share of tokens has not moved for more than a year, highlighting strong conviction among investors. If institutional demand accelerates, supply constraints could drive sharp price increases.

Multiple indicators hint that the market has not reached a cycle top. The MACD on Bitcoin’s monthly chart has not flipped bearish, the Pi Cycle Top indicator has not triggered, and stablecoin dominance remains higher than in past peaks. Traders also point out that global liquidity is expanding, which often supports risk assets like crypto.

Seasonal factors may add momentum. Historically, the fourth quarter has been one of the strongest periods for both equities and digital assets. Many expect Q4 2025 to follow a similar pattern, with rallies potentially intensifying into November.