Bitcoin, BTC, and Ethereum, ETH, Surge Over 3% as Crypto Rally Gains Momentum in Singapore Trading
The crypto market turned green during early Singapore trading hours as Bitcoin, BTC, and Ethereum, ETH, surged over 3 percent, lifting total market value above key resistance levels. According to data reflected on platforms such as Yahoo Finance and The Economic Times, Bitcoin jumped above 66000 dollars, while Ethereum crossed important short-term resistance zones.
This rally comes at a time when investors are closely watching global liquidity, ETF inflows, and Asian trading volumes. Market participants are now asking a simple question: Is this the start of a bigger crypto breakout, or just a short-term bounce?
Let us break down the full picture in detail.
What Happened in the Crypto Market Today?
During the Asia session in Singapore, Bitcoin climbed more than 3 percent, reclaiming the 66000 dollar mark. Ethereum also rose over 3 percent, trading near 3500 dollars after weeks of consolidation.
The global crypto market capitalization moved closer to 2.6 trillion dollars, reflecting fresh buying pressure. Trading volumes rose sharply, signaling real participation rather than thin liquidity moves.
Key Price Data
- The Bitcoin price moved above 66000 dollars after defending support near 64000 dollars
- Ethereum price traded around 3500 dollars after bouncing from 3350 dollars
- The total crypto market cap approached 2.6 trillion dollars
- 24-hour trading volume increased by more than 15 percent
- Asian markets led early gains during Singapore hours
These numbers matter because price breakouts above psychological levels often attract new buyers.
Why Is Crypto Rising in Singapore Trading Hours?
Several factors are driving this upward momentum:
Strong Institutional Interest
Institutional investors continue to add exposure through spot Bitcoin ETFs. US based ETF inflows have remained steady in recent sessions. When institutional money flows into Bitcoin, it creates confidence across the broader crypto ecosystem.
Ethereum is also gaining attention ahead of further ETF developments and staking growth. This adds long-term credibility to the second-largest cryptocurrency.
Technical Breakout Signals
From a technical view, Bitcoin breaking above 66000 dollars is significant. This level acted as short-term resistance. A clean break suggests buyers are willing to step in aggressively.
Ethereum also formed higher lows on daily charts. Traders see this as a bullish continuation pattern.
One market participant wrote on X:
The post highlighted rising bullish momentum and renewed interest among traders as Bitcoin reclaimed key price levels.
Positive Risk Sentiment in Asia
Asian equity markets showed stable performance during the session. When global markets remain calm, risk assets like crypto often benefit. Singapore-based trading desks reported higher activity compared to last week.
What Are Analysts Predicting Next?
Short-term analysts suggest Bitcoin may test 68000 to 70000 dollars if momentum continues. Ethereum could attempt a move toward 3700 dollars.
However, resistance remains strong near previous all-time high zones. A break above 70000 dollars could trigger a larger rally.
Crypto Market Structure and On-Chain Data
Bitcoin Supply Metrics
On-chain data shows that long-term holders are not selling aggressively. Exchange balances continue to trend lower. This reduces immediate selling pressure.
Miners have also stabilized post-halving adjustments. Reduced supply combined with steady demand creates upward price pressure.
Ethereum Network Activity
Ethereum gas fees remain moderate, suggesting healthy network usage without congestion. Staking participation remains above 27 percent of the total supply. This locks coins away from circulation.
One trader noted strong Ethereum fundamentals in this tweet:
The tweet emphasized Ethereum’s strength and rising interest among large wallet holders.
Crypto Technical Analysis for Investors
Bitcoin Chart Levels
Bitcoin is currently trading above its 50-day moving average and 100-day moving average. This is a bullish alignment. If the price stays above 65000 dollars, buyers remain in control.
A drop below 64000 dollars would weaken the short-term outlook. That is the key level investors are watching.
Ethereum Chart Levels
Ethereum must hold above 3400 dollars to maintain momentum. A close above 3600 dollars could open room toward 3800 dollars.
Market Sentiment Indicators
The Fear and Greed Index moved back into the greed zone. This reflects growing confidence among traders. However, extreme greed can sometimes signal overheating.
One technical analyst shared insights here:
The post pointed to a bullish structure but advised caution near resistance.
Role of Singapore in the Global Crypto Market
Singapore plays a vital role in Asian crypto trading. It is home to regulated exchanges and fintech innovation hubs. The Monetary Authority of Singapore continues to support digital asset innovation under clear rules.
Asian trading hours often set the tone for early global price action. When volume increases during this session, it reflects strong participation from regional investors.
Singapore also attracts hedge funds and institutional desks managing both crypto and AI Stock portfolios, creating crossover capital flows between tech and digital assets.
Is This Crypto Rally Sustainable?
Factors Supporting Further Gains
- Continued ETF inflows
- Lower exchange reserves
- Stable macro environment
- Strong technical breakout above 66000 dollars
Risks to Watch
- Sudden US dollar strength
- Regulatory news surprises
- Profit taking near 70000 dollars
- Sharp correction in equity markets
Investors must balance optimism with risk management.
Expert Commentary and Market Tools
Many investors now use advanced trading tools and data platforms to track real-time order books and liquidity zones. Smart traders combine fundamental research with AI stock analysis models to understand correlations between tech markets and crypto performance.
For example, Bitcoin often moves in line with large-cap technology shares during risk-on periods. Some investors even compare crypto sentiment with AI Stock research trends to measure speculative appetite.
Another interesting post came from an AI-focused account:
The post discussed algorithm-driven trading flows entering Bitcoin markets during Asian hours.
Final Outlook on Crypto Momentum
The current crypto rally reflects growing confidence across global markets. Bitcoin reclaiming $66,000 and Ethereum pushing above $3,500 are strong signals. Singapore trading hours played a key role in boosting early momentum.
If institutional flows continue and macroeconomic conditions remain stable, the market could attempt to reach higher targets in the coming sessions. However, investors should stay disciplined, track support levels, and avoid emotional trading.
For now, the trend favors buyers. But in crypto markets, momentum can shift quickly. Staying informed, using reliable data, and following structured strategies remains the smartest approach.
FAQs
1. Why did Bitcoin rise above 66000 dollars?
Bitcoin rose due to strong ETF inflows, technical breakouts, and increased buying during Singapore trading hours. Lower exchange supply also supported the move.
Yes, Ethereum gained over 3 percent as investors showed confidence in its staking model and network strength. It also benefits from overall positive crypto sentiment.
If momentum continues and buying volume stays strong, analysts believe Bitcoin could test 68000 to 70000 dollars. However, resistance remains near those levels.
Unexpected regulatory news, global market weakness, or strong dollar movements could slow down the rally. Profit booking near resistance is also possible.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.