$BTC is gaining momentum, climbing back toward $77K as overall market sentiment improves 📈 — but altcoins are still feeling the pressure after the massive KelpDAO exploit ($290M).
🔹 Bitcoin Outlook
Bitcoin pushed above $76,500 and briefly touched $77,000, but faced resistance near $78,300. A breakout above this level could unlock further upside.
🔹 Altcoins Lag Behind
Ethereum and DeFi tokens remain weak as investors stay cautious after the exploit. Projects like Ethena, Ether.fi, and Jupiter are still under pressure, while Aave shows only a modest rebound after a sharp drop.
📊 Market Signals
Altcoin dominance remains low (Bitcoin still leading)
Funding rates for BTC & ETH are negative → potential short squeeze ⚡
Futures market shows traders are still undecided
🌍 Macro Impact
Easing tensions in the Middle East could lower oil prices and boost risk assets — including crypto.
💡 Bottom Line
Bitcoin is showing strength, but the broader market isn’t fully recovered yet. Altcoins need time — and confidence — to bounce back after the DeFi shock.