Bitcoin is holding near the $66,000 mark on Tuesday as whale accumulation and institutional buying support the crypto market sentiment. The cryptocurrency was trading at $65,843 level witnessing a marginal jump of 0.3% in the past 24 hours.Ethereum was up 3% in the past 24 hours, trading at the $1,764 mark. Among the major altcoins, XRP, Solana, Hyperliquid gained up to 6% whereas BNB, Tron, Dogecoin and Cardano fell up to 2%.Also Read | Flexi cap fund inflows halve to Rs 5,175 crore in May after record April. Is this profit booking or a buying opportunity? Crypto TrackerTOP COINS (₹) 169,227 (4.0%)117 (3.95%)6,260,306 (0.81%)58,218 (-0.07%)94 (-0.38%)Akshat Siddhant, Lead quant analyst, Mudrex said Bitcoin continues to trade above the $66,000 level, as improving risk sentiment following the U.S.–Iran peace agreement, supports buying activity. On-chain data shows whales withdrew more than 11,000 Bitcoin from exchanges, signaling reduced selling pressure and growing confidence among large holders. Siddhant further said that institutional demand also remains supportive, with Strategy adding 1,587 Bitcoin over the past week. Sustained ETF inflows at this stage could trigger a decisive move above the immediate resistance of $68,000. The global crypto market capitalisation went up 0.9% to $2.26 trillion, according to CoinMarketCap.Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin’s recovery alongside broader crypto markets suggests that investors are beginning to look beyond immediate uncertainty and focus on longer-term positioning. While optimism surrounding a potential Iran deal has helped improve sentiment, the more important development is the market’s ability to attract buyers after a period of sustained weakness and heavy liquidations.In the past week, Bitcoin and Ethereum were up 4% each respectively. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano gained up to 14% whereas Tron corrected 2%.Bitcoin’s recovery in mid-June marks a strong rebound from the lows of around $59,000 seen earlier in the month and the rebound reflects improving risk sentiment and easing geopolitical concerns, although institutional participation remains uneven. Bitcoin is currently up roughly 5–6% over the past week, but market conviction remains fragile as investors await fresh macro signals, said Vikram Subburaj, CEO, Giottus.Also Read | Mutual funds reduce cash allocation by over Rs 10,000 crore to Rs 1.87 lakh crore in MayHere is what other analysts sayWazirX market’s desk Bitcoin is showing resilience despite a challenging month for ETF flows. A notable positive development is the return of institutional demand through spot Bitcoin ETFs. On June 12, US spot Bitcoin ETFs recorded approximately $86 million in net inflows after an extended period of outflows. Institutional investors are once again accumulating exposure to Bitcoin, helping improve overall market sentiment.Riya Sehgal, Research Analyst, Delta ExchangeCrypto market sentiment has improved, but the rebound still looks like cautious stabilization rather than a confirmed reversal. The macro trigger has been a relief around the U.S.-Iran peace framework, which improved risk appetite and eased dollar pressure.CoinSwitch Markets Desk Bitcoin eased slightly from its intraday high of $66.5K, with derivatives data indicating that short covering contributed to the high. The key zone to watch is now $66K–$68K, where BTC may face its next momentum test. Near term, Bitcoin may see sideways-to-positive movement rather than an immediate breakout.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.