Bitcoin fell to its lowest level since May on Sunday before paring some losses, as sentiment in the crypto market remained locked in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after already sitting at the same level on Saturday.
Bitcoin was trading around $95,087 as of 6:20 p.m. UTC, down 1% in the past 24 hours after briefly falling below $94,000 earlier in the day, its lowest point since May 6, according to TradingView data.
Through the majors, the ether fell 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB slipped 1.6% to $926.21 and Solana fell 3.6% to $137.79.
Analysts see room for deeper declines
Cryptocurrency analyst Ali Martinez said on
Analyst Benjamin Cowen noted that Bitcoin recorded a death cross, adding that past examples often marked local lows. He said bitcoin would need to rebound over the next week for the cycle to remain intact and warned that failing to do so could lead to further declines before a larger return to the 200-day moving average. Cowen urged traders to “trade the market you have, not the one you want.”
Retail Panic Signals Potential Reversal
Market information platform Santiment said bitcoin trading rates hit a four-month high during Friday’s fall below $95,000, underscoring increased fear among retailers. The company said such surges in social dominance can increase the likelihood of market reversals, although it stressed that this trend is not a guarantee.
Michael Saylor Hints at a Large Bitcoin Purchase
Strategy (MSTR) Executive Chairman Michael Saylor reported that the company would announce its latest Bitcoin acquisition on Monday, posting the phrase “Big Week” on X, while attaching a screenshot of StategyTracker, the leading real-time Bitcoin treasury analysis platform.
Gold widens its lead over digital assets
Market strategist Charlie Bilello pointed out that gold is up 55% this year, calling it the best-performing major asset of 2025, while bitcoin – up around 1% – is the worst-performing major asset. He described the divergence as the reverse of 2013 and noted that such dynamics had not emerged in any prior calendar year.
White House plan faces legislative hurdle
U.S. Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s Nov. 10 proposal to send $2,000 tariff-funded “dividends” to U.S. citizens would require congressional approval.
According to a Bloomberg report, in an interview airing Sunday on Fox News’ “Sunday Morning Futures w/ Maria Bartiromo,” Bessent said “we need legislation for this,” indicating that the administration cannot move forward without new legislation from Congress. Bessent also mentioned that he expects households to feel more economic relief early next year, citing tax cuts under Trump’s policy agenda and predicting slower inflation and stronger real income growth in the first half of 2026.
