The crypto market has rebounded sharply after Tuesday’s wave of fear-driven selling, with major assets regaining ground across the board. According to data from Santiment, sentiment has flipped from panic to cautious optimism, and prices are responding fast.
Bitcoin (BTC) climbed 3.2% in the past 24 hours to trade at $103,692 at the time of writing, recovering from yesterday’s sub-$100,000 lows. The rally reflects renewed confidence among traders after what Santiment described as a “day of FUD from the crowd.” Despite the recovery, Bitcoin remains down 7% on the week, keeping investors alert to potential volatility.
Ethereum and Altcoins Take the Spotlight
Ethereum (ETH) outperformed the broader market with a 7.63% surge, pushing prices to $3,436. Analysts attribute the rebound to strong on-chain activity and renewed accumulation following recent liquidations. The move comes as Ethereum reclaims key support levels around $3,400, signaling that bulls may be regaining control after two weeks of selling pressure.
Among altcoins, XRP rose 9.38%, continuing to attract investor attention amid growing optimism around ETF developments and Ripple’s deepening partnerships in payments infrastructure.
BNB also gained 4.35%, trading near $954, while Solana (SOL) jumped 6.12% to $161.82, benefiting from a broader uptick in Layer-1 network sentiment.
DeFi and Meme Coins Join the Rally
Momentum extended to several DeFi and meme-linked tokens. Dogecoin (DOGE) advanced 5.28% to $0.1666, while Cardano (ADA) climbed 6.27% to $0.541, recovering from multi-week lows.
Chainlink (LINK) added 5.86%, maintaining its strong correlation with market recoveries, as traders viewed its recent pullback as an accumulation opportunity.
Meanwhile, Hyperliquid (HYPE) stood out as one of the session’s biggest gainers, soaring 10.36% to $40.88. Santiment highlighted HYPE’s growing traction and active community engagement as factors behind the spike.
Market Sentiment Turns Upward
Santiment’s data shows Bitcoin and Ethereum leading in both price and social volume, with social engagement up more than 25% for both assets in the past day. The firm noted that fear levels are dropping quickly, suggesting that traders who capitulated earlier this week are already re-entering the market.
As the market stabilizes, analysts warn that volatility may persist, but many now see this rebound as a potential setup for a stronger recovery phase heading into mid-November.