Crypto Markets Today: Bitcoin is Rising, Risk Appetite is Weak.

Bitcoin Price Makes a Comeback

Bitcoin bounced back from a low of $88,000 last Sunday, reaching approximately $89,900. However, this value still remains significantly below the recorded peak of $94,300 following the Federal Reserve's 25 basis point rate cut.

Altcoins Continue to Decline

More than half of the top 100 tokens in the cryptocurrency market lost value in the last 24 hours. The CoinDesk 20 index showed only a 0.16% increase, while the broader CD80 index declined by 0.77%. This situation highlights the ongoing poor performance of altcoins.

Market sentiment has slid back to "extreme fear" levels. Indicators that signify an altcoin season remain in a depressed state. At the same time, Bitcoin dominance continues to increase, suggesting that investors are turning towards assets with larger market capitalizations.