Bitcoin and ether stabilized on Thursday, even as the altcoin market absorbed deeper sell-offs. AERO, STRK, and FET were among the largest decliners, reflecting a market still gripped by “fear” according to sentiment trackers.
Bitcoin continued to find footing near $103,000, while ether hovered just below $3,500 after a slight uptick of less than 1%.
Market indicators offered mixed signals. The broader crypto RSI remains neutral, but the Fear and Greed Index sits at 25/100, underscoring persistent risk aversion among traders.
Altcoins saw sharper moves. AERO dropped 18% after announcing a merger with Velodrome, while STRK and FET also logged sizable double-digit losses.
XRP was one of the few bright spots, gaining 3.5% amid heightened options activity.
Analysts say the market is waiting for a clear trigger before committing to either direction — whether a breakdown from October’s all-time highs or the formation of a base around $98,000. The dollar index hovering near 99.8 remains a key variable, with a push above 100 likely to weigh further on crypto assets.
