The catalysts behind the bullish movement of Bitcoin, Ethereum, and XRP during the session

The macroeconomic context opens the doors to risk assets

News about stabilization policies in global energy reserves have created a favorable environment for more aggressive investments. This economic optimism has quickly spilled over into the cryptocurrency ecosystem, attracting fresh capital into Bitcoin, Ethereum, and XRP. When macroeconomic indicators improve, investors tend to seek exposure to higher volatility digital assets, aiming to maximize gains during expansion cycles.

Why do cryptocurrencies move when other markets sleep?

A decisive factor in today’s performance was the lack of competition in the equity markets. With stock markets closed, liquidity focused on the few available trading spaces, with digital assets being the main beneficiaries. Bitcoin reached $96.87K, establishing itself as the primary indicator of the crypto market’s health. This dynamic highlights an inherent advantage of cryptocurrencies: operating 24/7 allows them to react more quickly to changes in global sentiment.

The bullish pressure from short position closures

In the last 12 hours, approximately $130 million in bearish bets were closed due to price movement. Traders holding short positions faced paper losses, forcing them to exit their positions with hedge buys. This cascade effect amplifies upward movements, creating a dynamic where Bitcoin, Ethereum, and XRP accelerate their advance in brief periods. Forced liquidations act as a secondary catalyst, multiplying the initial buying pressure.

Differentiated movements in the altcoin segment

Ethereum recorded steady gains with a 2.00% increase in 24 hours, reflecting an orderly inflow of institutional capital. The rest of the altcoin market showed overall strength, although XRP exhibited mixed dynamics. The total crypto market capitalization remains above $3.2 trillion, indicating structural robustness in digital asset demand.

What’s the next move?

Despite the positive momentum, trading volumes remain moderate, suggesting that the movement is more based on quality than the number of participants. The true test of consolidation will come when traditional markets reactivate. If Bitcoin can hold its position above $96K, this would validate a short-term sentiment shift. Conversely, a retracement in subsequent sessions could indicate it was only a technical rebound. The coming days will determine whether this movement has fundamental substance or is simply taking advantage of limited liquidity windows.