Crypto Market Explodes Today : What’s Fueling the Surge ?

As the crypto market rebounds strongly, plunging investors into a new euphoria, what are the driving forces behind this bullish momentum?

Written by Charles Ledoux

Translated on June 26, 2025 at 11:37 by Sarah

Cryptocurrency concept with Bitcoin and Ethereum.

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Long-Term Holders Accumulate and Drive Bitcoin Toward $110,000

The crypto market is currently experiencing a remarkable growth phase, with a staggering $28.5 billion increase in its total market capitalization in just 24 hours. This positive trend, largely driven by the recovery of Bitcoin and the progress of the altcoin Pi Network, reflects market stabilization and a renewed investor confidence in this rapidly expanding sector.

At the core of this bullish momentum is Bitcoin, continuing its recovery and now trading at $107,482. After securing the $107,000 mark as a new support level, the leading cryptocurrency aims to break out of the resistance zone to reach $110,000. This key level will be crucial in attracting investor interest once again and propelling the cryptocurrency price to new highs.

During each of the three major rallies, long-term holders (LTH) consistently built up their positions before strong growth.

The first time this happened was around $28K: the increase in LTH share relative to STH over 1-2 months set the stage for a breakout to $60K.
The second… pic.twitter.com/2sKWpUlnO5
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) June 26, 2025

According to analyst Axel, Bitcoin could reach $160,000 in the coming months. The Long-Term Holder supply chart indicates an accumulation similar to those seen in previous BTC uptrends.

“This accumulation phase could last 4 to 8 weeks, after which, following previous cycles, a powerful upward reversal is likely. Applying a more conservative multiplier of ×1.6 to the current price, the next target for an uptrend is around $160,000.” explained the analyst.

Pi Network : Progression into Crypto market

Meanwhile, the altcoin Pi Network has emerged as the standout of the day, showing an impressive growth of 15.6%. Now trading at $0.58, Pi Network is approaching the $0.64 resistance level, a pivotal point that could pave the way for further upward momentum. Investors are closely monitoring this development, anticipating a potential breakthrough above this key resistance.

Every time we Pi guys start celeb the price, it drops again the next day. It's better to keep quiet and hold back our impressions. I have the feeling that real news will only be announced after there is total silence.

Have you noticed that too?#PiNetwork #conspiracytheories pic.twitter.com/rsGstzIzdw
— Pi Network News Global 𝛑 (@PiNewsGlobal) June 26, 2025

Beyond individual performances, the entire crypto market is exhibiting signs of recovery. The total market capitalization has surpassed $3.26 trillion, edging closer to the $3.31 trillion resistance level. A breakthrough at this level could propel the sector toward $3.43 trillion, further bolstering investor confidence.

While risks of a trend reversal remain, this bullish momentum demonstrates the resilience of the crypto market. Informed investors will closely monitor price movements and support/resistance levels in the days ahead, seeking new opportunities.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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