Cryptocurrency markets opened the week with modest gains following a volatile period marked by steep losses and large-scale liquidations. Bitcoin rose 3% in the past 24 hours to around $115,000 but remains down 7% compared with last week. Despite the decline, the coin continues to trade relatively close to its recent all-time high.
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Altcoins Recover Partially
Ethereum gained more than 8% today, recovering to about $4,150, though it is still down 8% over the week.
BNB climbed back to $1,320, less than $20 below its recent record high. The token has been one of the most resilient among large-cap assets throughout recent market turbulence.
Solana and XRP are both up roughly 7% today but remain sharply lower compared to last week’s levels. Solana trades near $195 after falling below $200, while XRP sits at $2.56, among its lowest levels in recent months.
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Sentiment Improves But Remains Cautious
The Crypto Fear and Greed Index rose to 38, moving out of “extreme fear” territory after yesterday’s reading of 24. Although this improvement signals a gradual recovery in sentiment, investors remain cautious.
CoinMarketCap’s equivalent index stands at 40, indicating neutral conditions. The difference reflects that while the broader market mood has stabilized, risk appetite has not fully returned.
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Background: Last Week’s Flash Crash
The rebound follows one of the most volatile weeks of the year. A series of steep declines late last week were triggered by renewed tensions between the United States and China. U.S. President Donald Trump announced plans for a 100% tariff on Chinese imports and additional export controls, which prompted a sell-off across global financial markets. Equities and cryptocurrencies both fell sharply, with Bitcoin briefly dropping to around $105,000 during a flash crash on Friday before recovering.
During that decline, more than $9 billion in leveraged positions were liquidated within 24 hours, including nearly $7 billion in long positions. XRP saw some of the largest price swings, dropping over 40% in minutes before stabilizing later in the session. Most major coins have since recovered a large portion of those losses, aided by calmer conditions and a shift in tone from U.S. officials.
Broader Markets
Traditional markets also moved higher at the start of the week after President Trump signaled a softer approach to China. U.S. stock futures rose across major indices, with the S&P 500, Dow Jones, and Nasdaq futures gaining between 0.8% and 1.8%.
Oil prices also rebounded as trade concerns eased, while gold remained near record highs. The government shutdown in the United States continues, delaying key economic reports such as employment and inflation data, which leaves investors relying on private-sector metrics to gauge market direction.
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Outlook
While the weekend recovery has eased immediate fears, the overall market remains sensitive to further geopolitical developments. Traders are closely watching whether negotiations between the U.S. and China resume before the November 1 tariff deadline.
With sentiment still fragile and volatility elevated, the coming days will likely determine whether last week’s sell-off becomes a short-term disruption or the start of a longer correction.
