Crypto Recovery Picks Up as Bitcoin Strengthens Market Lead
The post Crypto Recovery Picks Up as Bitcoin Strengthens Market Lead appeared on BitcoinEthereumNews.com. Bitcoin dominance stays strong at 63.1%, leading the market amid altcoin struggles. Altcoin Season Index at 16 indicates Bitcoin-driven market, limiting altcoin gains. Renewed ETF inflows signal growing institutional confidence, fueling bullish sentiment. The cryptocurrency market is showing signs of a possible bullish wave as several indicators point toward renewed investor optimism. After weeks of turbulence, the Fear and Greed Index now sits at a neutral 51, suggesting a balance between buyers and sellers. Meanwhile, Bitcoin’s dominance remains strong at 63.1%, reinforcing its role as the market leader during uncertain times. Significantly, the overall crypto market cap has surged to $2.98 trillion, approaching a major psychological milestone. This steady rise reflects a period of recovery after notable volatility earlier in April. Besides, positive inflows into crypto ETFs are supporting the argument that investors are regaining confidence in the market. Bitcoin Holds Momentum as Altcoins Lag Moreover, Bitcoin has maintained its upward momentum, priced at $94,752.18 with a modest 0.58% gain. Solana (SOL) is also seeing healthy growth, up by 2.04% at $151.42. Meanwhile, XRP has surprised investors with an impressive 7.38% increase, reaching $2.3376. Ethereum (ETH), however, has slipped slightly, down 0.13% to $1,807.56, despite showing elevated implied volatility. Ethereum’s implied volatility stands at 72.52, notably higher than Bitcoin’s 50.49, hinting that traders expect larger price swings ahead for ETH. The current Altcoin Season Index sits at 16 out of 100, reflecting a clear Bitcoin-led market. Altcoins are struggling to break out independently, with only isolated gains visible. Binance Coin (BNB) has held up better than most, gaining 1.00% to reach $606.21. Related: Bitcoin Price Over $94K Sends Crypto Sentiment Gauge Firmly Into ‘Greed’ Currently, the Altcoin Season Index reads 16 out of 100, clearly marking a Bitcoin-dominated market. Consequently, altcoins are finding it harder to break away and outperform…
The post Crypto Recovery Picks Up as Bitcoin Strengthens Market Lead appeared on BitcoinEthereumNews.com.
Bitcoin dominance stays strong at 63.1%, leading the market amid altcoin struggles. Altcoin Season Index at 16 indicates Bitcoin-driven market, limiting altcoin gains. Renewed ETF inflows signal growing institutional confidence, fueling bullish sentiment. The cryptocurrency market is showing signs of a possible bullish wave as several indicators point toward renewed investor optimism. After weeks of turbulence, the Fear and Greed Index now sits at a neutral 51, suggesting a balance between buyers and sellers. Meanwhile, Bitcoin’s dominance remains strong at 63.1%, reinforcing its role as the market leader during uncertain times. Significantly, the overall crypto market cap has surged to $2.98 trillion, approaching a major psychological milestone. This steady rise reflects a period of recovery after notable volatility earlier in April. Besides, positive inflows into crypto ETFs are supporting the argument that investors are regaining confidence in the market. Bitcoin Holds Momentum as Altcoins Lag Moreover, Bitcoin has maintained its upward momentum, priced at $94,752.18 with a modest 0.58% gain. Solana (SOL) is also seeing healthy growth, up by 2.04% at $151.42. Meanwhile, XRP has surprised investors with an impressive 7.38% increase, reaching $2.3376. Ethereum (ETH), however, has slipped slightly, down 0.13% to $1,807.56, despite showing elevated implied volatility. Ethereum’s implied volatility stands at 72.52, notably higher than Bitcoin’s 50.49, hinting that traders expect larger price swings ahead for ETH. The current Altcoin Season Index sits at 16 out of 100, reflecting a clear Bitcoin-led market. Altcoins are struggling to break out independently, with only isolated gains visible. Binance Coin (BNB) has held up better than most, gaining 1.00% to reach $606.21. Related: Bitcoin Price Over $94K Sends Crypto Sentiment Gauge Firmly Into ‘Greed’ Currently, the Altcoin Season Index reads 16 out of 100, clearly marking a Bitcoin-dominated market. Consequently, altcoins are finding it harder to break away and outperform…
What's Your Reaction?
