After a phase of sell-off, the cryptocurrency market may enter a key window for stabilization and rebound in the short term. Although the Federal Reserve implemented a rate cut last week, market sentiment remains cautious, with traders closely monitoring macroeconomic data and central bank policy signals, including US CPI inflation data, initial jobless claims, and the Bank of Japan's interest rate decision.
On Monday morning, the total market capitalization of cryptocurrencies slightly declined to approximately $3.13 trillion, a daily decrease of about 1.5%. However, overall trading activity has not significantly decreased, with the 24-hour total trading volume still around $90.9 billion, indicating that funds have not been withdrawn from the market on a large scale. Bitcoin's price hovers around $89,000, down about 1% intraday, while Ethereum shows relative resilience, with a decline of less than 1%. The market structure exhibits characteristics of “converging declines and stable trading volume.”
In terms of sentiment indicators, the crypto market fear and greed index dropped to 16, entering the “extreme fear” zone, reflecting that short-term risk appetite remains subdued. However, this level is still better than the extreme emotional stage of last month.