Bitcoin, Ethereum, XRP, Dogecoin Sentiment Rebounds As BTC Hits $97,000
A new report on sentiment in the crypto sector indicates that the market recovery has not had an equal impact on all cryptocurrencies, but retail excitement is rising and risk appetite growing.
What Happened: In a detailed post on X on May 2, on-chain analytics provider Santiment shared how Bitcoin’s rebound to the $94,000–$96,000 range has reignited market-wide enthusiasm.
Total crypto market capitalization has jumped 10% in the final eight days of April, driven by retail momentum.
However, Bitcoin’s modest 7% gain over that period suggests capital is rotating into altcoins and meme coins, a classic risk-on signal often seen during the late stages of crypto rallies.
This pattern echoes post-FTX recoveries, where Bitcoin leads early, then stalls as traders chase bigger gains in speculative names.
Santiment warns that while ETF narratives may prolong the rally, sentiment-fueled surges often reverse sharply.
“Greed-driven markets can create several short-term gains to test your resolve in profit …
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