Bitcoin steadies near $78K as ETF inflows support momentum while altcoins lag and sentiment remains cautious. Momentum in digital assets remained firm this weekBitcoin steadies near $78K as ETF inflows support momentum while altcoins lag and sentiment remains cautious. Momentum in digital assets remained firm this week

Crypto Market Hits $2.6T as Bitcoin Leads With Strong Weekly Range

2026/05/02 19:45
2 min read
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Bitcoin steadies near $78K as ETF inflows support momentum while altcoins lag and sentiment remains cautious.

Momentum in digital assets remained firm this week as Bitcoin traded in a tight range near $78,000. Price action showed resilience, with dips quickly absorbed across sessions. Market breadth remained mixed, with large-cap assets attracting most capital. Derivatives activity also played a key role in shaping short-term direction.

Crypto Market Hits $2.6T as Bitcoin Leads With Strong Weekly Range

Bitcoin Stabilizes Near $78K as Altcoin Performance Remains Mixed

Bitcoin traded between $75,700 and $79,100 during the week, recently changing hands near $78,202. Over the past 24 hours, BTC gained 1.40%, while Ethereum rose 0.68% to $2,299. The total crypto market capitalization climbed to $2.59 trillion, briefly surpassing $2.6 trillion, according to CoinCodex.

Image Source: CoinCodex

Performance across altcoins remained uneven. XRP, TRON, and Hyperliquid posted gains of up to 2.83%. Meanwhile, BNB, Solana, Dogecoin, and Cardano declined by as much as 1.37%.

Riya Sehgal, Research Analyst at Delta Exchange, described sentiment as neutral. Market conditions suggest recovery rather than strong bullish conviction. Bitcoin dominance above 60% points to capital concentration in large-cap assets, leaving altcoins selective.

On-chain data shows treasury company participation rebounding from earlier capitulation levels. Similar patterns have supported price moves in previous cycles. However, Sehgal noted that recent gains are driven more by futures demand than spot buying, increasing the risk of volatility.

Fear Index at 26 as BTC Stays Firm and Altcoins Record Weekly Losses

Weekly performance reflects a mixed trend. Bitcoin posted a modest 0.87% gain, while Ethereum slipped 0.70%. XRP and BNB both dropped 3.41%, with Solana and Cardano also recording losses.

Market indicators present a cautious outlook. Even though sentiment remains bullish, the Fear and Greed Index stands at 26, signaling fear. Bitcoin has recorded 17 green days in the past month but remains down 19% over the past year and trades below its 200-day moving average.

WazirX Market Desk noted that Bitcoin continues to hold a constructive structure. Strong buying interest has kept prices above key levels, with institutional demand providing support. U.S. spot Bitcoin ETFs have seen nearly $1.9 billion in inflows. Ethereum traded between $2,240 and $2,395, maintaining stability above key support zones despite short-term consolidation.

The post Crypto Market Hits $2.6T as Bitcoin Leads With Strong Weekly Range appeared first on Live Bitcoin News.

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