After a sharp drop at the end of last week, the crypto market is gradually stabilizing. Thus, Bitcoin BTC $111,515.00 Mezo Wrapped BTC -0.26% Market capitalization $58.84 million VOL. 24 hours $1.26 billion was trading near $ 114,700 on Monday, actually consolidating in a narrow range, while Ethereum ETH $3,844.03 Bridged Ether (StarkGate) -0.75% Market capitalization $88.53 million VOL. 24 hours $0.76 billion , Dogecoin DOGE $0.18 Binance-Peg Dogecoin -1.95% Market capitalization $0.47 billion VOL. 24 hours $71.63 million and XRP XRP $2.51 XRP 0.07% Market capitalization $150.61 billion VOL. 24 hours $0.12 billion continued to recover. Investors expect that the market may move to gradual growth in the near future after a large-scale sell-off.
According to Benzinga, Ethereum gained 1.55% to $ 4,228, XRP rose 2.76% to $ 2.60, and Dogecoin added almost 3% to $ 0.21. Solana (6%) and Synthetix, which gained more than 130% over the day, also showed significant gains. The total capitalization of the crypto market rose by 1.18% to $ 3.94 trillion.
Market analysts note that investor sentiment remains cautious: the Crypto Fear & Greed index is still in the «fear» zone, and open positions on Bitcoin have decreased by 1.1%. According to Coinglass, liquidations amounted to about $ 390 million over the past day, indicating that the market is clearing after excessive leverage. CryptoQuant analysts call this a market «reset,» which often precedes long-term growth.
According to Santiment, short-term fluctuations are now largely dependent on political news, primarily statements by former US President Donald Trump about trade relations with China. «The crypto market is reacting emotionally to the political context more than ever before,» the analysts said.
Despite investor caution, the overall picture remains stable: after the excessive leverage was «washed out» of the market, there is room for recovery. Experts predict that in the medium and long term, this could be the starting point for a new rise in Bitcoin and other major cryptocurrencies.