Market Recovery Overview
The crypto market is showing signs of recovery as Bitcoin reclaims $92,000 and Ethereum surpasses $3,300. The market sentiment is improving, with the Fear and Greed Index rising to 26, indicating a shift away from “extreme fear.”
AI‑Linked Tokens Lead Gains
AI‑linked tokens are leading the gains with a 4.46% surge, driven by strong performances from tokens like FET, Worldcoin, and Virtuals Protocol. Bitcoin has climbed 2.49% to reclaim the $92,000 level, while Ethereum has rallied 6.21%, briefly pushing past $3,300. Meme coins, Layer 2s, DeFi, and Layer 1s have also recorded solid advances, suggesting a short‑term shift toward risk‑on sentiment.
Bitwise 10 Crypto Index ETF Launch
In other news, Bitwise’s Bitwise 10 Crypto Index ETF (BITW) began trading on NYSE Arca today. This ETF offers U.S. investors access to a market‑cap‑weighted basket of the top ten digital assets. Bitcoin dominates the fund with a 74.34% allocation, followed by Ethereum at 15.55% and XRP at 5.17%. BITW manages $1.25 billion in assets and rebalances monthly with no position caps, allowing its composition to adjust automatically as market leaders shift.
Conclusion
The crypto market is showing positive signs of recovery with improved sentiment and significant gains in major cryptocurrencies. The launch of Bitwise’s BITW ETF on NYSE Arca provides U.S. investors with a new way to access the crypto market.
