The crypto market stayed mostly steady on Tuesday as dip buyers returned after the recent pullback. Meanwhile, broader risk markets—especially stocks—continued their rebound, which helped keep sentiment from turning negative.
Bitcoin moved up to roughly $78,330, about 5% higher than its lowest level this month. Several large-cap altcoins also traded in positive territory, including Ethereum, Solana, and Hyperliquid. In total, the combined value of the market increased by around 0.62% over the past 24 hours.
Rate-Cut Expectations Help the Crypto Market Stabilize
The crypto market gained support after remarks from Stephen Miran, a senior official at the Federal Reserve. He signaled that additional interest rate cuts could be appropriate this year, noting that inflation has been coming in softer than many expected.
His comments arrived shortly after news that President Donald Trump nominated Kevin Warsh for the role of Federal Reserve Chair, subject to Senate confirmation. Warsh is commonly viewed as more hawkish on rates and has previously criticized quantitative easing and extended periods of low interest rates.
Cooling Geopolitical Concerns Boost Risk Appetite
The crypto market also found footing as geopolitical tensions appeared to ease following the start of talks between the United States and Iran. That shift reduced immediate conflict concerns and helped calm broader market nerves.
Market-based indicators suggested the perceived chance of a U.S. strike on Iran dropped from above 80% last week to around 60% today. As fears cooled, oil prices retreated, with Brent crude sliding from about $70 last week to roughly $66.50 today.
Technical Picture Still Signals Potential Downside
Even with the near-term bounce, technical signals imply the crypto market remains at risk of renewed weakness.
On longer-term charts, total market capitalization is still below both the 50-day and 100-day Exponential Moving Averages, which often reflects softer momentum. It also remains under the key $2.7 trillion support zone, a level tied to a major low from November last year.
In addition, chart structure suggests a bearish pennant may be forming—a pattern that often appears after a sharp decline and can lead to another leg lower. Because of this setup, the market could still drift back into a broader downtrend in the days or weeks ahead.
