Market Wrap: Bitcoin Stabilizes as Altcoins Underperform

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform
Cryptocurrencies are starting to stabilize after declining sharply over the past week. Some indicators show investor sentiment at extremely bearish levels, which typically precede periods of buying activity. Other technical measures, however, suggest choppy price action could persist over the short term.Bitcoin returned to above $35,000 and was up 3% over the past 24 hours, versus a 5% decline in SOL and roughly flat performance in ETH over the same period.Still, it might be too soon to call a price bottom. “I think the determination of a bull/bear market is not as clear as previous cycles, due to the structure…