Bitcoin’s slight rebound from $88,000 to $89,900 fails to offset broad altcoin weakness, as sentiment sinks into extreme fear and bitcoin dominance climbs.
Bitcoin recovered to about $89,900 from a Sunday low of $88,000, remaining well below last week’s $94,300 post–Fed rate cut peak. More than half of the top 100 tokens fell in 24 hours, with the CoinDesk 20 adding only 0.16% and the broader CD80 down 0.77%, underscoring altcoins’ underperformance. Sentiment returned to the "extreme fear" zone while bitcoin dominance rose to 58.4%, showing investor preference for large-cap assets. Liquid staking tokens like Lido and ETHFI gained around 2%, while several smaller tokens fell up to 4.5%. Open interest in DOGE futures hit its highest since November 20 alongside positive funding rates, indicating bullish positioning, while ETH derivatives reflected bearish sentiment versus BTC.