Mumbai, February 16: Bitcoin, the world’s largest cryptocurrency by market capitalisation, showed signs of renewed strength on Monday, trading at USD 68,605.26. Following a period of relative stagnation earlier in the month, the digital asset has reclaimed key resistance levels as of 7:47 AM IST.

The recent price action indicates a recovery from the lower volatility levels observed during the first week of February. Market analysts suggest that the current momentum is driven by a combination of steady exchange-traded fund inflows and a shift in macroeconomic sentiment across global markets. Gold Rate Today, February 15, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Market Dynamics and Trading Volume

The rise to USD 68,605.26 comes as trading volumes across major global exchanges see a significant uptick. While the broader cryptocurrency market remains sensitive to regulatory updates, Bitcoin has continued to outperform several leading altcoins over the last twenty-four-hour period.

Despite the upward movement, liquidations in the derivatives market have remained relatively controlled. This stability suggests that the current price level is supported by spot buying rather than excessive leverage, which often leads to the sharp corrections seen in previous quarters.

Institutional Impact and Economic Context

The current valuation of Bitcoin reflects growing confidence among institutional investors who view the asset as a hedge against traditional currency fluctuations. Reports indicate that several large-scale digital asset foundations have increased their holdings, providing a floor for the price during minor intraday dips.

In contrast to early 2026, when volatility reached its lowest point since late 2024, the current market environment appears more active. Traders are closely monitoring upcoming economic data from the United States and Europe, which could influence interest rate trajectories and, subsequently, the flow of capital into risk assets.

Future Outlook for Digital Assets

As Bitcoin maintains its position above the USD 68,000 mark, the focus shifts to whether it can sustain this level through the weekly close. Technical indicators suggest that the next major psychological barrier remains the USD 70,000 threshold, a level that has not been consistently tested in recent weeks. Silver Rate Today, February 15, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai, and Other Major Cities.

Investors remain cautious but optimistic, noting that the underlying blockchain network continues to see high levels of activity. The transition toward more integrated financial products involving Bitcoin is expected to play a central role in price discovery throughout the remainder of the month.

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(The above story first appeared on LatestLY on Feb 16, 2026 07:49 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).