Bitcoin and altcoins post gains despite Fear & Greed score of 13

The crypto market shows another positive day in the past 24 hours. Total market capitalisation rises by 2.51% to $2.26 trillion, while Bitcoin continues to climb towards $64.000, Notably, market sentiment remains extremely negative despite the recovery. The Fear & Greed Index stands at just 13 points, indicating extreme fear among investors.

Bitcoin is available at OKX and Bybit.

Bitcoin lifts the market

Bitcoin rises 0.72% in the past 24 hours to $63.807, Ethereum gains 0.28% and trades at $1.674, Several other major cryptocurrencies are also in the green. Solana rises 0.92% to $67,37. Dogecoin gains 0.86% and XRP adds 0.32%.

TRON climbs 0.83%, while Hyperliquid, with a gain of 1.17%, is the strongest riser in the top 10. BNB is an exception, dropping 0.06%.

Bitcoin dominance rises to 56.45%, indicating that investors are still shifting relatively large amounts of capital towards Bitcoin. At the same time, the Altcoin Index rises to 52 points, pointing to a more balanced market between Bitcoin and altcoins.

OFFICIAL TRUMP and Venice Token stand out

Outside the largest cryptocurrencies, there are several notable gainers. ETHGAS leads the list with a gain of 17.3%. OFFICIAL TRUMP follows with a rise of 15.1%, while Venice Token trades 13% higher.

Audiera (+12.3%), Bittensor (+10.9%), Internet Computer (+7.63%), Virtuals Protocol (+5.95%), Flare (+5.85%) and Jupiter (+5.72%) also show strong performances.

On the losing side, DeXe takes a hit with a decline of 16.5%. Additionally, Beldex loses 5.23%, Monero 4.79%, Near Protocol 4.65% and Humanity Protocol 4.57%.

Liquidations remain low despite volatility

According to CoinGlass data, $193.66 million worth of positions were liquidated in the past 24 hours. That level is currently considered low and shows that the market is recovering in a relatively controlled manner after last week’s heavy fluctuations, while the recent pressure on the Bitcoin price still receives attention.

Of the total amount, $102.26 million came from long positions and $91.41 million from short positions. In total, 96,796 traders were liquidated.

Bitcoin accounts for the largest liquidations at $38.39 million, followed by Ethereum with $26.47 million. The largest individual liquidation occurred on Binance and involved a BTCUSDT position worth $1.93 million. Additionally, traders are also taking into account developments such as the record-high open interest of Ethereum on Binance.

Although the recovery continues and several altcoins post strong gains, the extremely low Fear & Greed Index continues to indicate that investors remain cautious. The market thus shows a striking combination of rising prices and ongoing uncertainty. Some analysts point to signs that altcoins continue to perform relatively strongly during market downturns.