Bitcoin Stalls Near $90K as Select Altcoins Rally, Leaving ‘Altcoin Season’ on Hold

Market Sentiment - The Fear and Greed Index currently stands at 25, indicating a sentiment within the fear band without extreme readings [1] - Despite a slight recovery in Bitcoin trading above $90,000, the market appears to be processing recent losses rather than shifting towards a broader risk appetite [1] Altcoin Performance - Zcash (ZEC) has shown a notable recovery, trading around $426, up approximately 10% in 24 hours after a significant decline from nearly $700 [2] - MemeCore (M) is trading near $1.34, reflecting a 9% increase in 24 hours, supported by ongoing community engagement during recent market fears [5][6] - Cardano (ADA) is trading near $0.45, up about 3% in 24 hours, aligning with the behavior of other large-cap cryptocurrencies as liquidity stabilizes [7] Market Activity - Trading data indicates increased depth and spot volume across various venues, suggesting that market participants are revisiting liquid privacy tokens as the steepest decline has passed [3] - The current recovery structure for ZEC appears steadier than previous attempts, with activity spread across multiple markets, indicating a more stable footing [4]