Altcoins set the pace as Bitcoin edges closer to $90k

📈 Altcoins lead the rally – Berachain (BERA) is up 3+% overnight, while Dogecoin (DOGE) has gained 9.9%, with other altcoins also posting strong gains.

🟠 Bitcoin and Ethereum in the green – BTC and ETH are seeing more measured growth but remain positive.

😌 Sentiment improves – The Crypto Fear & Greed Index has moved into ‘Neutral’ for the first time since early February.

🏦 GameStop adds Bitcoin to treasury – The struggling video game retailer joins Tesla and MicroStrategy in holding BTC as a reserve asset.

📊 Key economic events ahead – Investors are eyeing the US GDP report (Wednesday) and the European Central Bank’s policy meeting (Thursday) for potential market impact.

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THE crypto market recovery appears to be gaining traction, with altcoins leading the charge over the past 24 hours.

Berachain (BERA) is up more than 3% overnight, while Dogecoin (DOGE) has climbed 9.9% at the time of writing. Many other altcoins are following suit with notable gains. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) are showing more measured growth but remain in positive territory.

With sentiment improving, the Crypto Fear and Greed Index has moved out of the ‘Fear’ zone and into ‘Neutral’ for the first time since early February, signalling renewed confidence in the market.

In corporate news, GameStop’s board has reportedly approved adding Bitcoin to its treasury, joining other publicly listed companies such as Tesla and MicroStrategy in holding BTC as a reserve asset.

Looking ahead, investors will be watching key economic events this week, including the US GDP growth report on Wednesday and the European Central Bank’s policy meeting on Thursday, both of which could influence broader market sentiment.

The question now: Can this momentum hold?

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In the markets 

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalization is approximately $2.99 trillion, reflecting a 1.31% increase over the last day. 

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at $88,009.90, marking a 1.68% increase in the last 24 hours.
Daily high: $88,009​
Daily Low: $86,554

💎 Ethereum (ETH) ⬆️

Price: Currently trading at $2,069.34, reflecting a 0.75% increase in the last 24 hours.
Daily high: $2,103​
Daily low: $2,039

📈 S&P 500 ⬆️

The S&P 500 index is currently up by 0.16% from the previous close. ​

😬 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 45, indicating a state of Neutral among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 60, suggesting that the asset is in overbought territory.

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‍Post Script…

Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.