Bitcoin regained some ground on Thursday, pushing back above $63K and gaining 2.1% in 24 hours as oil prices pulled back from recent highs driven by Iran-related supply fears.
Bond yields also retreated, allowing 'risk assets' to breathe a bit easier. This macro setup favored crypto, which tends to perform well when the two variables ease up.
Bitcoin's 7-day change came in at +2.2%, indicating a slight stabilization rather than just a one-day blip. Ethereum followed with a more modest 1.1% gain over 24 hours, while Solana picked up 1.5% to trade near $78 and XRP held above $1.
While this isn't exactly cause for celebration in the crypto space, not losing ground counts as a win in a market defined by extreme fear, with the Fear & Greed Index sitting at 22.