Cryptocurrencies extended gains Tuesday, lifting total market capitalization to about $2.31 trillion as Bitcoin climbed toward the upper end of its recent range.
Key Takeaways:
- Total crypto market cap rose 5.4% to $2.31 trillion.
- Bitcoin gained nearly 6%, trading around $67,000.
- Ethereum surged over 9%, reclaiming the $2,000 level.
- Fear & Greed Index remained at 11, signaling persistent “extreme fear.”
Bitcoin rose roughly 6% over 24 hours to trade near $67,018. Ethereum outperformed with a gain of more than 9%, reclaiming the $2,000 level, as broader risk appetite returned across digital assets.
Despite the rally, sentiment indicators remained cautious. The Fear & Greed Index held at 11 – deep in “extreme fear” territory – underscoring lingering investor skepticism following recent volatility. The Altcoin Season Index registered 35 out of 100, signaling that Bitcoin continues to dominate performance relative to smaller tokens.
Bitcoin Technicals Turn Constructive
On the hourly chart, Bitcoin staged a steady breakout from the $65,000–$66,000 consolidation band, accelerating toward $67,200 before trimming gains.
Momentum indicators reflect strengthening upside pressure. The Relative Strength Index (14) climbed to 60.8, with its signal line near 65.4, placing Bitcoin in moderately bullish territory without yet flashing overbought conditions.
The MACD (12,26,9) showed a strong bullish crossover, with the MACD line at 19.86 and expanding positive histogram readings. The move suggests upward momentum is building, supported by rising intraday volumes.
Technically, sustained trading above $66,800 keeps the near-term bias constructive, while a break beyond $67,400 could open the path toward the $68,000 zone. On the downside, $66,000 now serves as initial support.
Ethereum Reclaims $2,000
Ethereum rallied nearly 9.5% to about $2,005, outperforming Bitcoin on a 24-hour basis. The move marks a key psychological reclaim of the $2,000 threshold and signals renewed appetite for large-cap altcoins.
Other majors followed suit: XRP gained roughly 7.7%, BNB added over 6%, and Solana advanced sharply, reflecting broad participation in the rebound.
Sentiment Lags Price Action
Average crypto RSI readings near 56 suggest the market is entering more neutral-to-bullish territory after recent oversold conditions. Still, the persistently low Fear & Greed reading highlights a disconnect between price momentum and investor confidence.
The latest advance appears driven more by short-term positioning and technical breakouts than by a decisive shift in macro narrative.
Whether the rally evolves into a sustained uptrend may hinge on Bitcoin’s ability to hold above $67,000 and maintain momentum in the sessions ahead.
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Source: https://coindoo.com/crypto-market-jumps-5-as-bitcoin-pushes-above-67000/