Bitcoin claws back from monthly low as altcoins outperform: Crypto Markets Today
Bitcoin rebounded from a one-month low near $86,000, but the broader trend remains bearish, while altcoins showed relative strength.Summary
Bitcoin recovered over 2% from its Sunday low of $86,000, coinciding with the CME futures open, but it stalled near $88,250, maintaining a longer-term downtrend characterized by lower highs and lows since October. This recent selloff was attributed to risk-off sentiment following geopolitical speeches by U.S. President Donald Trump, which favored precious metals over Bitcoin as a risk asset. Derivatives data shows open interest stabilizing, but options market positioning indicates high demand for near-term protection, with front-end volatility spiking. Meanwhile, the altcoin market demonstrated resilience; Ether and XRP gained, and privacy and metaverse tokens outperformed, causing the altcoin-heavy CoinDesk 80 Index to rise while the Bitcoin-dominant CoinDesk 20 Index lagged.
(Source：CoinDesk)