Bitcoin Rebounds to $62,800 as Altcoins Send Mixed Signals

Ether is bouncing back too, but derivatives and altcoins still show little broad-based recovery. Mixed signals around Bitcoin and Solana, in particular, are keeping the market fragile.

Key Takeaways

• Bitcoin rebounded to $62,800 on Monday after falling below $58,000 last week.
• Ether climbed back to around $1,760 after bottoming near $1,550, but the recovery still looks shaky.
• Altcoins showed a mixed picture: Lighter posted big gains, while several tokens fell 5% to 13%.

Bitcoin climbed back to $62,800 (€54,900) on Monday after dropping below $58,000 (€50,700) last week, its weakest level since September 2024. Ether also recovered, trading near $1,760 (€1,540) after briefly falling to around $1,550 (€1,350). The bounce gave the crypto market a firmer start to the week, but the move still looks shaky, and the broader picture across altcoins remains uneven.

Recovery After a Sharp Drop

The rebound follows a stretch in which Bitcoin briefly seemed at risk of sliding toward $50,000 (€43,700). Both Bitcoin and Ether rallied when futures opened on Sunday, but since midnight UTC they have already given back about 1% of those gains. That is a reminder that sentiment can flip fast, especially after a week of sharp price swings.

One notable detail is that crypto is not simply following the broader market. Futures tied to the Nasdaq 100 and the S&P 500 are both higher, up about 1% and 0.5% respectively after the long weekend. For traders, that is another sign that Bitcoin and the wider crypto market do not always move in lockstep with stocks. It also lines up with the view in Bitcoin Lags Stocks, But Analysts See Recovery, where analysts said the recent weakness was likely temporary.

Derivatives Still Look Mixed

The derivatives market is sending a similarly mixed message. Open interest in Bitcoin, Ether, Solana, and XRP has mostly been flat over the past 24 hours, likely because of the extended U.S. holiday weekend. Bitcoin’s own signals are split as well: positive funding rates suggest traders are leaning bullish, but the 24-hour cumulative volume delta is negative, which points to heavier selling pressure.

Implied volatility for Bitcoin and Ether has also come under pressure after weekly declines of more than 10%. That suggests traders are pricing in a calmer market, even though puts on Deribit still cost more than calls. The spread has narrowed from early last month, and the most actively traded strikes are the $60,000 (€52,400) put and the $70,000 (€61,100) call.

Altcoins Are Splitting Apart

Altcoins are showing an even more uneven pattern. Lighter (LIT) is the clear standout, with gains of more than 50% over the past week and another 13.5% in the last 24 hours. The native token of the decentralized derivatives exchange is getting a boost from a tokenomics update, while the DEX has handled $40 billion (€34.9 billion) in trading volume over the past 30 days, according to DefiLlama.

Elsewhere, the tone is much weaker. CoinMarketCap’s altcoin season indicator rose to 52 out of 100 on Monday, its highest reading in three months, but that does not mean the entire market is participating. A number of tokens, including JITO, BEAT, and STABLE, actually fell between 5% and 13% over the past week. For European crypto readers, the takeaway is that a higher altcoin season score does not automatically mean broad risk-on sentiment. More often, it reflects selective rotation within the crypto market.