The new week begins with crypto markets trying to stabilize after one of the toughest weeks in months. Prices recovered from last week’s deepest lows, but confidence remains fragile and sentiment is still firmly in fear territory.
Read also: How to recognize a crypto presale scam? Full guide
Bitcoin Holds Near $70K After Volatile Week
Bitcoin is trading around $70,600, holding roughly the same level it maintained through most of the weekend. The price remains volatile, with sharp moves in both directions, but for now it has avoided another breakdown.
Over the past week, Bitcoin is down around 8%. At one point, it briefly fell as low as $60,000, marking a sharp move that rattled the broader market. While the rebound has been notable, Bitcoin is still well below recent levels, and uncertainty remains high.
Read also: How Low Would Bitcoin Have to Go for Strategy to Sell?
Ethereum And Major Altcoins Remain Under Pressure
Ethereum is trading just below $2,100, down roughly 7% over the past week. Selling pressure has eased compared to midweek lows, but the price has struggled to build momentum higher.
XRP is holding near $1.43, a level it has defended fairly consistently over the last few days. Even so, it remains down around 9% on the week. BNB has fallen to about $640, marking a 15% weekly decline and a notable drop compared to other large-cap assets.
Solana continues to underperform, trading near $86 and struggling to reclaim the $90 level. The token is down about 14% over the past week, reflecting broader weakness across higher-risk segments of the market.
The total crypto market cap currently sits near $2.39T. While slightly higher on the day, it remains sharply lower compared to both last week and last month, highlighting the scale of the recent pullback.
Read also: Jupiter Integrates Polymarket, Bringing Prediction Markets to Solana
Sentiment Remains Deep In Fear Territory
Market sentiment continues to reflect a lot of stress. The Fear and Greed Index stands at 14, signaling extreme fear, though it has moved away from last week’s single-digit readings.
The CoinMarketCap version of the index is even lower, currently at 9, also firmly in extreme fear territory. These readings point to continued caution among traders, even as prices attempt to stabilize.
Read also: Michael Saylor Unmoved as Bitcoin Briefly Slips Below $76K
Global Markets Offer Mixed Signals
Outside of crypto, global markets have shown mixed behavior. Japanese equities surged following Prime Minister Sanae Takaichi’s strong election victory, with the Nikkei reaching new record highs. Bitcoin briefly moved higher during the Asian session, touching the low $70,000s, before settling back near current levels.
Despite these moves, the positive momentum in equities has not meaningfully translated into sustained strength for crypto yet. With fear still dominating and high volatility, digital assets continue to trade more in line with risk sentiment than with regional developments.
