The cryptocurrency market is attempting a recovery: total market capitalization is up by around 2%, while Bitcoin is gaining roughly 3% and climbing back above the $65,000 mark. However, given the still-elevated volatility, it is too early to call this a full reversal.
Market sentiment remains tense. The Fear & Greed Index is holding at 11, staying firmly in the “Extreme Fear” zone.
According to data from analytics firm Glassnode, Bitcoin’s valuation has cooled significantly: the current market price has moved back close to its long-term average. At the same time, realized market capitalization — the value of all bitcoins based on the price at which they last moved — declined from $1.12 trillion in November 2025 to $1.09 trillion. This roughly $33 billion drop points to capital outflows from the market.
Altcoins also remain under pressure. Ethereum is trading near $1,880, still well below the psychological $2,000 level, although it is up about 3% over the past 24 hours. A similar pattern is visible in Solana, XRP, BNB, and Tron: despite daily gains, these assets still reflect the impact of heavy losses in previous trading sessions.
Overall, the market continues to be characterized by caution and restraint among participants.
