According to CoinMarketCap data, Bitcoin traded above $77,000 on Monday, stabilizing after a sharp sell-off over the weekend that pushed the cryptocurrency to lowest levels since April 2025. The cryptocurrency defended key support levels near $73,000 and rose above $91,000 on Tuesday, marking its best day since April. Nearly 39% of Bitcoin's circulating supply remains underwater near $77K, creating strong resistance and limiting recovery momentum despite improved short-term buying absorption and reduced panic selling. Bitcoin dominance reached 58.2%, reflecting continued capital rotation toward Bitcoin over altcoins, while the total market capitalization hovered around $2.64 trillion. Bitcoin dominance remained steady near 60%, with the broader cryptocurrency market valued at $2.64 trillion continuing to see capital flow toward Bitcoin as investors seek relative stability in the largest digital asset.
The past 24 hours delivered notable altcoin strength, with Toncoin (TON) surging an impressive +24% to around $2.15, pushing its market cap to ~$5.81 billion with volumes hitting $398 million. This rebound followed a sharp weekly decline, fueled by Telegram ecosystem activity in mini-apps, games, and DeFi. AI tokens including Worldcoin, Render, and Near posted solid double-digit gains of 10–16% over the past 24 hours, reflecting selective strength in AI, compute, and ecosystem tokens. Hyperliquid's HYPE maintained momentum, briefly overtaking Dogecoin in market cap at points and trading with strength on robust platform fundamentals.
According to CoinMarketCap reports, total liquidations reached ~$900 million in recent windows, heavily long-sided, underscoring volatility in thin conditions. The Fear & Greed Index lingered in neutral territory, reflecting a market balancing macro uncertainty with ecosystem innovation. Risk appetite improved modestly as hopes for de-escalation in US-Iran relations provided relief from oil volatility, though thin liquidity and ETF pressure kept conviction low. Major exchanges reflected widening sell imbalances as defensive positioning and cascading long liquidations further weakened short-term market confidence. The rally in equities has coincided with a modest rebound in Bitcoin, with the Dow Jones hitting a fresh peak signaling a broader market recovery.
Institutional interest has softened, contributing to the current market fragility, while demand remains fragile despite the recent recovery attempts. However, long-term holders continue accumulating as exchange reserves hit multi-year lows, indicating underlying strength in the fundamental supply-demand dynamics. The market faces vulnerability to renewed volatility unless higher support levels hold and supply pressure eases, with the 39% of circulating supply underwater near $77K creating significant resistance to sustained recovery momentum. Some strategists caution that the broader downtrend for Bitcoin remains intact, with positioning data suggesting investors are not yet ready to buy the dip, despite Bitcoin bulls showing signs of regaining control.
