Bitcoin slipped to its lowest level since May on Sunday before recovering slightly, as sentiment across the crypto market remained in extreme fear. The Crypto Fear & Greed Index was at 10, still in the extreme fear range, consistent with its position on Saturday.
Bitcoin was trading around $95,087 at 6:20 p.m. UTC, down 1% over the past 24 hours after briefly dropping below $94,000 earlier in the day, marking its lowest point since May 6 according to TradingView data.
Among the majors, ether declined 3.23% to $3,113, XRP fell 2.1% to $2.21, BNB slipped 1.6% to $926.21, and solana dropped 3.6% to $137.79.
Analysts see room for deeper declines
Crypto analyst Ali Martinez remarked that bitcoin had broken out of a channel, suggesting the move could lead to a potential drop toward $83,500.
Analyst Benjamin Cowen pointed out that bitcoin had registered a death cross, observing that such occurrences often indicate local lows. He mentioned bitcoin would need to rebound within the week to maintain the cycle, warning that a failure could lead to another dip before any significant recovery to the 200-day moving average. Cowen advised traders to “trade the market you have, not the market you want.”
Retail panic signals a potential reversal
Market intelligence platform Santiment noted that bitcoin discussion rates surged to a four-month high during Friday’s decline below $95,000, indicating heightened retail fear. The firm stated that such spikes in social dominance can increase the likelihood of market reversals, though they caution that this pattern isn’t guaranteed.
Michael Saylor hints at a large bitcoin purchase
Strategy Executive Chairman Michael Saylor hinted that the company will announce its latest bitcoin acquisition on Monday, posting “Big Week” on social media, along with a screenshot from StrategyTracker, a leading real-time bitcoin treasury analytics platform.
Gold widens its lead over digital assets
Market strategist Charlie Bilello observed that gold has risen 55% this year, labeling it the best-performing major asset of 2025, while bitcoin, up only about 1%, is the worst-performing major asset. He described this divergence as the reverse of 2013, noting that this dynamic hasn’t occurred in any prior calendar year.
White House plan faces legislative hurdle
U.S. Treasury Secretary Scott Bessent indicated on Sunday that President Trump’s proposal to send $2,000 tariff-funded “dividend” payments to U.S. citizens would require congressional approval.
According to a report by Bloomberg, Bessent mentioned in an interview that new legislation would be necessary, emphasizing that the administration cannot proceed without approval from Congress. He also mentioned expectations for households to experience more economic relief early next year, citing tax cuts in Trump’s policy package and predicting a slowdown in inflation and stronger real-income growth in the first half of 2026.
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