In the past 24 hours, Bitcoin rose 3.73%, while Ethereum gained 5.51%. Major altcoins like XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid saw gains up to 8%. The global crypto market capitalisation increased by 3.52% to reach $2.36 trillion, according to CoinMarketCap. However, the broader market mood stays cautious. Traders are carefully watching macro liquidity and shifts toward safer assets like gold. "The market appears to be transitioning from distribution toward early accumulation, but conviction remains fragile pending a clear breakout above key technical levels," said an analyst. Over the past week, Bitcoin and Ethereum fell by 2.66% and 1.31% respectively. Most altcoins also dropped over 6%, except Tron which rose 2.5%. Nischal Shetty, Founder of WazirX, said, "Bitcoin trades at $68,882, holding steady as global macro catalysts begin to align. January CPI data showed US inflation moderating to 2.4%, easing inflation concerns. When inflation concerns cool, it reduces uncertainty around aggressive rate hikes and brings stability back into risk assets, including crypto." Shetty added, "Ethereum also reclaimed the $2,000 level after a significant drop in futures open interest, indicating that further excessive leverage has been flushed out." This suggests optimism returning to the crypto market amid improving economic signs and lower inflation fears. For more updates and expert opinions, follow ET Markets.