Bitcoin Reclaims $91K But Extreme Fear Persists
The post Bitcoin Reclaims $91K But Extreme Fear Persists appeared on BitcoinEthereumNews.com.
Bitcoin climbed 4.5% to $91,465, leading a 2.96% rebound in the broader crypto market. Extreme fear persists, with the Crypto Fear & Greed Index at 15 for seven consecutive days. Institutional interest, macro factors, and Monad’s mainnet launch are fueling cautious optimism. Bitcoin led a market-wide rebound today, climbing 4.5% to $91,465, its strongest daily performance in weeks. The broader crypto market rose 2.96%, reversing part of its recent decline. This upswing comes despite persistent investor anxiety, with the Crypto Fear & Greed Index locked at 15/100 (“Extreme Fear”) for seven consecutive days—its longest stretch below 20 since April 2025. Although sentiment remains cautious, today’s rally reflects a combination of institutional developments, macroeconomic events, and growing contrarian interest following oversold conditions. Related: Bitcoin Rebounds to $89,200, XRP Soars 11%, Global Market Tops $3.02T Bitcoin Regains Strength Above $90K Bitcoin’s rebound was largely driven by renewed institutional interest. Nasdaq’s ISE plans to raise trading limits on BlackRock’s IBIT ETF options to one million contracts, putting Bitcoin derivatives on par with top stocks like Apple. With IBIT holding over $86 billion in Bitcoin, analysts say this could add more than $5 billion in derivatives activity, boosting demand for the underlying asset. Improving macro conditions also played a role. Lower inflation expectations increased the likelihood of a Fed rate cut in December, while falling Treasury yields pushed money into riskier assets. This allowed Bitcoin to recover the 4-hour EMA21 at $88,800 and briefly reach $92,000 before consolidating. Miner margins fell to 4.9%, a level historically associated with cycle lows, as weaker miners reduced selling. Traders are now watching for a clear break above $92K, which could trigger a short squeeze following recent liquidations. Altcoin Market Attempts a Rebound The broader crypto market rose 0.6% over the past 24 hours after a challenging week.…
