Bitcoin (BTC) price holds above $61,000 on Friday, maintaining a steady stand during early Asian hours after a two-day recovery of nearly 5%. The risk-off market sentiment eases with the Fear and Greed Index rising to 23 on Friday, indicating a gradual increase in buying pressure.
The recent volatility surrounding Strategy's perpetual preferred stock, STRC, could signal that Bitcoin (BTC) is approaching a cycle bottom, according to Bitwise CIO Matt Hougan.
Cardano (ADA) trades around $0.146 on Wednesday, stabilizing after a sharp correction as selling pressure eases. Weakening derivatives metrics indicate traders remain cautious, while fading bearish momentum indicators suggest a potential recovery for ADA.