Crypto markets are waking up stronger this Monday after a bumpy end of last week. Bitcoin is up nearly 1%, trading just under $115,000 again. Ethereum climbed 3%, and XRP is back above $3, recovering about 5% since Friday. The gains aren’t massive, but they feel like a reset after a stretch of nervous selling that had little to do with crypto itself.
The market correction started late last week following a string of headlines: fresh tariffs from the White House, weaker-than-expected US jobs data, and new geopolitical concerns. None of it was directly tied to digital assets, but it triggered risk-off moves across the board. Stocks pulled back, and crypto got caught in the wave.
Now, with those fears starting to settle and Fed rate cuts suddenly back on the table, buyers are slowly stepping back in. The broader crypto market cap has added around $85 billion in just the last 24 hours, bringing the total to $3.6 trillion.
Short-term pain, long-term strength
Even with today’s recovery, most major coins are still down for the week. But zoom out, and the picture changes. Bitcoin, Ethereum, and many altcoins remain strongly up on the monthly chart, suggesting last week’s dip was more of a pause than a trend change.
The Fear & Greed Index now sits at 64, suggesting that investors are no longer spooked – but not yet greedy either. That’s often when the most patient buyers start loading up.
Altcoins rebound, Pi drops
Much of today’s action is coming from altcoins that were hit hardest last week. Ethena and Bonk, both of which saw heavy drops during the panic, are leading the bounce. Memecore, which had a strong run last week, is also holding up.
On the losing side, there’s not much red in the top 100 – except for Pi Network. Down another 3.5% today, Pi is struggling more than most. It didn’t rally with the rest of the market before the pullback, and now it’s reaching fresh all-time lows, slipping near $0.35. That makes it the worst performer in the top 100 by a wide margin.
Read also: Pi Network Breaks Below $0.35 as Sell-Off Accelerates
What to watch this week
This week is lighter on macroeconomic data, with no major releases expected. That might give markets room to breathe, especially if there are no new tariff surprises from the White House.
The Fed is back in the spotlight, though, as traders watch for hints about rate policy. After President Trump fired the head of the Bureau of Labor Statistics on Friday, the pressure on Jerome Powell is only growing. The Fed has held rates steady for five straight meetings, but weaker labor numbers may finally tip the balance.
