crypto

BTC and ETH Rebound as Altseason Optimism Fades: Binance Report

BTC solidified its position as an emerging hedge asset amid geopolitical uncertainty, while ETH recorded greater downside volatility and a more muted recovery.

This week, bitcoin (BTC) and ether (ETH) recovered from the decline triggered by geopolitical developments last week. While BTC showed greater resilience compared to ETH, both assets rebounded strongly as tensions appeared to ease.

According to a weekly report by the world’s largest crypto exchange, Binance, Bitcoin’s dominance recorded a slight decline during the recovery. However, this is not a strong indication that the market will soon witness an altseason.