The post Bitcoin Holds Above $103K as Crypto Market Eyes Next Rally; Ethereum and XRP ($2.42) Consolidate Midweek appeared first on Coinpedia Fintech News

The global crypto market opened Wednesday with cautious optimism, as Bitcoin price managed to hold above a crucial support zone while major altcoins entered a consolidation phase. The market cap slashed below $3.5 trillion with the sentiments remaining under fear. The rise followed by a tight consolidation had flashed some bullish signals. Meanwhile, the ongoing bearish action raises concern over the next price action. 

The technicals point towards a bullish reversal, while the macroeconomic factors remain uncertain, keeping the market sentiments in a ‘wait and watch’ mode. So what’s next?

Bitcoin Maintains Structure Above $103K

Bitcoin (BTC ($104,727.00)) continues to trade comfortably above the $103,000 mark after a brief corrective pullback below $102,500. Despite short-term volatility, the asset’s structure remains firmly bullish—suggesting that buyers are defending this zone as a critical pivot point.

The bears have been guarding the resistance zone between $106,300 and $106,700 since the start of the month and the latest rejection validates the claim. This suggests the bears have been holding greater dominance compared to the bulls. With a significant rise in volume, the BTC price is expected to remain consolidated below the range. Besides, on-chain data shows sustained accumulation from long-term holders and a drop in exchange reserves, signaling confidence among institutional investors.  

Ethereum, XRP, and Altcoins Enter Sideways Accumulation

Ethereum (ETH ($3,496.66)) price is trading within a tight range near $5,350 as traders await new catalysts, possibly from protocol upgrade chatter or fresh staking inflows. Meanwhile, the XRP price continues to hold above $1.10 with signs of renewed whale activity—positioning it as one of the few altcoins showing strength during Bitcoin’s pause.

BNB ($968.11) price slips below $1000, Dogecoin trades around $0.172 and Cardano around $0.55. The DeFi space is also experiencing upward pressure, while the top performers like Uniswap and World Liberty Financial display strength. Memecoins like FLOKI ($0.00), BONK ($0.00), and PEPE ($0.00) also saw increased social activity and trading volumes while continuing to face upward pressure. 

Macro Picture: Risk Appetite Improves, But Rate Uncertainty Persists

Crypto’s midweek calm comes as global markets digest easing concerns around U.S. federal spending and potential monetary loosening. Risk-on assets, including equities and digital assets, are benefitting from renewed liquidity inflows in Asia. However, investors remain cautious—the Federal Reserve’s timeline for rate cuts remains unclear, keeping traders defensive on leverage-heavy bets.

Key Levels to Watch

• Bitcoin (BTC): Support at $101,000, Resistance near $108,000–$109,000

• Ethereum (ETH): Holding above $5,250, potential breakout above $5,450

• XRP (XRP): Needs a daily close over $1.20 to confirm bullish continuation

• Market Sentiment: Neutral-to-bullish; funding rates stable, open interest rising gradually

Key Events to Watch This Week

• U.S. CPI Data Release (Nov 13): Could shape risk appetite across equities and crypto markets if inflation surprises.

• Federal Reserve Remarks: Multiple Fed officials are scheduled to speak; any dovish tone may boost Bitcoin and altcoin sentiment.

• Asia Market Open Flows: Renewed liquidity from Hong Kong and Singapore continues to support early-week crypto strength.

• Institutional Flows: Watch ETF inflows/outflows and whale transactions around the $101K BTC level for direction cues.
• Project Milestones: Chainlink CCIP and Arbitrum updates could influence DeFi narratives through the week.