Bitcoin (BTC) saw a slight recovery, approaching $89,000 after hitting a low of $86,200. Other major tokens also showed signs of a rebound, with XRP, BNB, and SOL all rising, while DOGE, ADA, and TRX had more modest gains. The market sentiment improved slightly following a drop in overall capitalization and significant losses on bullish bets. The recovery was expected due to oversold conditions and a sentiment index showing a five-month low. The panic on Tuesday was attributed to money flowing out of bitcoin ETFs and a stronger yen. Hopes for easier US Federal Monetary policy have increased, and expectations of a rate cut have boosted sentiment. Altcoin rally hopes are low, with traders expecting fresh dollar inflows to go exclusively to BTC. However, market sentiment remains under pressure due to various economic factors.



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