Bitcoin and ether showed relative stability on Thursday, even as selling pressure intensified across altcoins, with AERO, STRK, and FET posting some of the steepest declines amid persistent bearish sentiment.
The market continued to search for firm support levels, with bitcoin trading close to $103,000 and ether inching up less than 1% to around $3,500.
Momentum indicators remain mixed. While the average crypto RSI sits in neutral territory, the Fear & Greed Index registered a low reading of 25/100, signaling that traders remain broadly risk-averse.
Altcoins experienced sharper moves. AERO tumbled 18% over the past day after revealing a merger with Velodrome, while STRK and FET also fell sharply, each logging double-digit losses.
XRP was among the few top performers, gaining 3.5% as options market activity picked up significantly.
Analysts say the market is still waiting for a clear signal to determine whether it is entering a deeper correction from October’s all-time highs or establishing a new base near $98,000. Meanwhile, the U.S. dollar continues to trade firmly around 99.8 on the DXY; a push above 100 could place additional pressure on risk assets, including cryptocurrencies.
