Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.

Bitcoin (BTC) climbed more than 3% to above $26,600 Wednesday afternoon, its highest price this week as crypto markets pared some of the losses booked in last Thursday’s tumble.
Ether (ETH) advanced 3.5%, inching closer to the $1,700 level.
The gains for both were roughly in line with the CoinDesk Market Index’s (CMI) 3% rise.
Layer 1 blockchain Solana’s SOL jumped nearly 7% during the day as webshop platform Shopify integrated Solana Pay, allowing USDC stablecoin payments for customers.
NEAR, native token of the Near Protocol, added more than 6% after crypto lender Nexo integrated the network into its platform.
Among larger alternative cryptocurrencies – so-called altcoins – Cardano’s ADA, Polkadot’s DOT, and Binance’s BNB each gained 3%-5% during the day.
The gains in crypto mirrored a big move higher in traditional markets, with both the Nasdaq Composite and SP 500 surging more than 1% alongside a 13.5 basis point decline in the U.S. 10-year Treasury yield to 4.19%.
Following the market close, chipmaker giant Nvidia reported sizable earnings and guidance beats, sending its shares higher by 7% and boosting AI-related tokens like Fetch.AI’s FET which rose 9.5%, while AGIX and Render’s RNDR each gained about 5%.
Despite today’s market-wide gains, most digital assets trade significantly lower than a week ago following a double-digit percentage pullback on Thursday, which sent bitcoin at one point plunging below $25,000.
The downtrend for digital assets may continue for weeks, said John Glover, chief investment officer at crypto lender Ledn and former managing director at Barclays.
“Both the technical and fundamental outlook for risk assets, including BTC and ETH, are pointing to softer prices in the next weeks,” Glover noted in an email. “When the techs and the fundamentals align, the marke t prices tend to follow.”
The lack of liquidity and participation on the market currently does not support higher prices, Don Kaufman, co-founder of TheoTrade, pointed out in an interview with CoinDesk TV.
“Liquidity has become a critical concern. I do not believe bitcoin can sustain higher prices without more active market participation,” Kaufman said. “We have seen evidence of fast, unrelenting moves in recent trading sessions, much of which can be traced back to lack of market participation.”
However, crypto investment firm Pantera Capital differs, forecasting that bitcoin likely won’t stay at these depressed price levels for much longer.
“Bitcoin recently experienced the longest period of negative year-over-year returns in its history, lasting 15 months,” Dan Morehead, founder of Pantera, posted on X (formerly Twitter). “Our view is that we’ve seen enough – there’s just so long markets can be down.”
Edited by Stephen Alpher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Technical Analysis Reveals Potential Breakouts for BERA, XRP, and SUI Altcoins
In Brief BERA could jump by 70% if it surpasses its resistance level. XRP's "head and shoulders" pattern raises concerns about its price movement. SUI may experience a further increase of 28% if positive momentum continues.

VIPBitget VIP Weekly Research Insights
The RWA (Real-World Assets) sector has been gaining significant traction in the crypto space, as it tokenizes traditional assets like real estate and bonds to bridge the gap between TradFi and DeFi. This process unlocks trillions of dollars in potential value, while enabling broader access to high-value investments through asset fractionalization, increased liquidity, and lower entry barriers. RWA also diversifies and stabilizes DeFi collateral options, addressing the sector's over-reliance on crypto-native assets and paving the way for large-scale adoption. With regulatory frameworks becoming clearer worldwide, the compliance advantages of RWAs are increasingly evident—drawing in institutional capital. What sets RWA projects apart is their connection to real-world income streams like rent and interest payments, offering more sustainable returns than purely speculative assets. These cash-flow-generating features appeal to investors seeking steady returns. As such, RWA is seen as a crucial step in the evolution of blockchain technology from concept to practicality. Its development potential and practical use cases make it an important sector in the crypto industry today.

Ethereum advances Pectra upgrade after Hoodi testnet success

Economist warns of a recession: Will Bitcoin and altcoins crash or rise?

Trending news
MoreCrypto prices
More








