Market Sentiment Inches Away From Fear As Bitcoin Reclaims $115,000

Bitcoin crossed the $115,000 mark on Monday as traders grew confident that the Federal Reserve would cut interest rates this ￰0￱ leading cryptocurrency gained over 4% in 24 hours and reached $115,200 while Ethereum rose to $4,160. The market rebound came after weeks of uncertainty driven by macroeconomic ￰1￱ are now looking to Wednesday’s Fed meeting for confirmation of a quarter-point rate ￰2￱ and Altcoins React to Renewed Optimism Ethereum followed Bitcoin’s lead this week, after bouncing back to trade near $4,160. The recovery put ETH back into a positive range after testing $3,900 earlier this ￰3￱ altcoins like Zcash (ZEC), Bitcoin Cash (BCH) and Dash (DASH) also ￰4￱ rose to $365, BCH reached $562 and DASH climbed nearly 10% to $51.

These tokens, which have been in the market since before 2018 benefited from freshtrading ￰5￱ crypto market has turned relatively green lately |) dropped to $0.36 after losing most of its early excitement while Aster (ASTER) fell 43% in a month to trade around $1.07. Analysts attributed the decline to weak trading volume and questions about on-chain ￰6￱ Surges Past $115K as Market Sentiment Improves Market sentiment turned noticeably more positive over the ￰7￱ Crypto Fear & Greed Index climbed out of the “fear” zone for the first time since ￰8￱ index now sits at 51 and is showing a neutral ￰9￱ crypto fear and greed index has turned away from fear |) metrics have ￰10￱ is an encouraging sign that selling pressure is ￰11￱ rates across major exchanges are currently below 0.01%.

This is a sign that traders are not over-leveraging their long ￰12￱ noted that funding rates even turned negative several times ￰13￱ other words, investors are still cautious despite the ￰14￱ Performance Shows a Divided Market While Bitcoin’s dominance rose to 59.1%, several altcoins ￰15￱ rise in Bitcoin’s share of total crypto market cap indicates that investors prefer the relative safety of BTC during uncertain times. ZEC, BCH and DASH outperformed due to smaller supply and renewed market attention. However, newer tokens like Plasma and Aster continued to lose value. Plasma’s trading volume has collapsed from $3.3 billion at launch to less than $300 million.

Aster, which positioned itself as a decentralised derivatives competitor to Hyperliquid, saw its hype fade after issues about trading data accuracy ￰16￱ Environment Supports Crypto Recovery Market analysts believe the macro backdrop favours crypto assets in the short ￰17￱ from CME Group’s FedWatch tool shows a 96.7% chance that the Federal Reserve will cut rates by 0.25% this ￰18￱ rates generally make risk assets more attractive, including Bitcoin and Ethereum. A cut would also reduce yields on traditional savings instruments, pushing some investors toward digital assets for better ￰19￱ confirmed, this move could extend the current rally into November.