The cryptocurrency market has gradually gained bullish sentiment after being trapped in a correction mode for the larger share of the first quarter of 2025. The total crypto market cap has edged 1 percent in the past 24 hours to hover about $2.94 trillion on Monday, March 24, during the early European session.
Last week’s gold price rally to a new all-time high of above $3k has significantly boosted the bullish sentiment for the wider crypto market. Moreover, global markets have largely factored in the U.S.-led tariff wars.
Bitcoin price opened earlier today with a bullish outlook after closing the last two weeks in the green. The renewed interest in Bitcoin from whale investors, as shown by the declining supply of BTC on centralized exchanges and notable cash inflows of U.S. spot BTC ETFs, helped the flagship surge to nearly $87k at the time of this writing.
From a technical analysis standpoint, Bitcoin price is aiming for $91k in the coming days after piercing through a previously established falling logarithmic trend. However, Bitcoin price must consistently close above $87k in the coming days to invalidate a potential selloff below $80k.
According to on-chain data, the overall demand for Ethereum remains low compared to Bitcoin. However, Ether’s price has a high correlation with Bitcoin, based on historical trends. Moreover, Ether’s price gained over 7 percent last week to trade at about $2,048 on Monday.
The large-cap altcoin, with a fully diluted valuation of about $247 billion and a 24-hour average trading volume of around $10 billion, has also signaled a possible momentum reversal. After closing last week with a bullish outlook, Ether’s price is likely to regain $2,100 as a support level by the end of this week.
Following the closure of the Ripple vs SEC case last week, XRP price has signaled the onset of the second bullish trend toward price discovery. The large-cap altcoin, with a fully diluted valuation of about $245 billion and a 24-hour average trading volume of around $2.5 billion, closed the past two weeks on the green.
In the past 24 hours, XRP price surged over 3 percent to trade at about $2.46 at the time of this writing. With the renewed interest in XRP by institutional investors, the altcoin is well-positioned to rally towards $2.9 by the end of this week.
Bitcoin is projected to surge past $91K in the short term, with long-term targets between $200K and $280K, depending on market momentum.
Ethereum’s price is closely correlated with Bitcoin, and analysts predict it could reach $7,500 or higher during this cycle.
XRP has seen renewed institutional interest, with predictions suggesting it may rally toward $5–$10 in the coming cycle.
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