Altcoins such as Aster, Hyperliquid, and Hedera have experienced notable gains, contributing to a broader recovery in the cryptocurrency market. According to NS3.AI, the total market capitalization has increased by 1.4% to reach $2.39 trillion. Despite this positive movement, investor sentiment remains cautious. Strong U.S. job growth has tempered expectations for imminent Federal Reserve rate cuts, influencing market dynamics.
Analysts indicate that the market is currently in a bottoming phase, characterized by increasing buying support. However, they caution that a structural trend reversal has not yet occurred, suggesting that investors should remain vigilant. The interplay between economic indicators and market sentiment continues to shape the outlook for cryptocurrencies.
