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After a brutal selloff at the start of the week, bulls have regained ground, seeing Bitcoin surge past $62.5K on Thursday, buoyed by lower-than-expected U.S. jobless claims, which calmed global recession fears. Though Solana led the charge, running as high as $163 after reaching a bottom of $110, all three majors still are down over the past week. A few altcoins have shown notable strength — such as Helium, Celestia, Sui, and Bittensor, all up over the last 7 days, with the latter two also receiving Grayscale trusts. It may take some time for us to see if we’re truly back in an uptrend.
Despite the recovery, market sentiment remains decisively split between bullish and bearish, given the maelstrom of macro and industry-specific events behind last weekend’s crash. Here are key points from both camps:
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