TL;DR
- Bitcoin has climbed above $116,000 while Ethereum, XRP, Solana, Dogecoin, and Cardano followed with solid gains as the U.S. dollar weakens against major currencies.
- Traders are shifting capital back into digital assets after months of defensive positioning.
- Analysts are now openly discussing fresh all-time highs before year end as liquidity conditions improve and institutional flows return to exchange-traded products at a steady pace.
Bitcoin is trading at $116,661.67, up 3.16% in the latest U.S. session. Ethereum is holding above $4,294.92 with a 3.19% gain, while XRP changes hands at $2.93, up 2.84%. Solana registers $217.37 after a 4.99% move, and Dogecoin remains the top performer of the group at $0.2424 with a 5.36% increase. Cardano now trades at $0.8348, up 1.52%. TRON is tracking at $0.3387 with a 0.58% gain, while BNB moves at a slower 0.93% to reach $1,022.17.
Data from derivatives venue Coinglass shows 173,290 positions liquidated over the last day for more than $623 million, suggesting aggressive repositioning rather than panic. Bitcoin exchange-traded products in the United States saw net outflows worth $429.96 million on Tuesday, yet Ethereum funds recorded a $127.5 million inflow, indicating larger players are rotating rather than exiting.
Institutional desks across New York report stronger appetite for leveraged upside exposure after Bitcoin cleared $113,500 without facing rejection. Analysts tracking chart patterns note that holding above $112,000 keeps the current structure intact, and a clean break over $117,500 may accelerate into price discovery. Options markets confirm this shift as downside hedges become cheaper relative to upside calls.
Altcoin Momentum Broadens Beyond Majors
XRP has closed the previous quarter over a resistance untouched since 2017, which some traders interpret as the start of a multi-month trend. Solana continues to attract inflows from both retail and structured products, while Dogecoin benefits from speculative algorithms tracking high-beta names. Cardano also shows resilience above $0.83, demonstrating steady accumulation despite its smaller percentage move. TRON and BNB move more cautiously yet maintain positive structure without signs of exhaustion.
Institutional Flows Return As Dollar Weakness Deepens
Recent softness in the U.S. Dollar Index helps digital assets recapture global flows normally directed toward precious metals. Futures tied to the S&P 500 slipped slightly during electronic trading, implying some capital is rotating away from traditional equities. Historical records going back twelve years show that the fourth quarter delivers an average gain above 50% for Bitcoin.
