Crypto market recap: Fear and greed index nears neutral as Bitcoin holds above $81,000

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Highlights

Bitcoin trades near $81,235, up 0.5% over 24 hours.
Ethereum fell to $2,311, down 1.0% on the day.
The Fear and Greed Index rose to 49, keeping the market near neutral.
Michael Burry warned about stretched Nasdaq 100 and AI-sector valuations.

BTC holds steady, Ethereum slips

According to current market data, Bitcoin is trading near $81,235, up 0.5% over 24 hours. Over the past week, BTC is still slightly higher, gaining 0.4%, suggesting consolidation after its recent rebound.

Ethereum is trading near $2,311, down 1.0% over 24 hours and 3.0% for the week. ETH continues to underperform Bitcoin, pointing to weaker demand for the second-largest crypto asset and a more cautious tone across altcoins.

Among major tokens, BNB outperformed, rising about 1.7% to $662. XRP held near $1.46, gaining roughly 0.9% on the day. Overall, the market remains mixed: Bitcoin is holding its ground, while several large altcoins are still struggling to build momentum.

Burry warning adds to caution

According to CoinDesk, market sentiment was also affected by comments from investor Michael Burry, best known for betting against the U.S. housing market before the 2008 crisis.

In a Substack post, Burry warned that the Nasdaq 100 is trading at a P/E ratio of about 43, well above what he sees as a more reasonable level near 30.

He also pointed to a roughly 70% rise in the Philadelphia Semiconductor Index since late March, calling it part of a parabolic move in technology valuations. Burry urged investors to take profits and reduce exposure to AI-related trades.

“Wall Street may be overstating by more than 50% the earnings at our fastest growing, most highly valued companies,” Burry wrote.

Market sentiment stays near neutral

The Fear and Greed Index stands at 49, close to neutral territory. The reading has improved from previous levels, but it does not yet signal strong risk appetite.

For Bitcoin, the key short-term level remains the area above $81,000, with traders watching whether BTC can return to its recent high near $82,026. If macro pressure increases, the market may see another round of profit-taking. If risk assets remain stable, Bitcoin could attempt to break higher from its current range.

Macro and regulatory factors support market

Strong inflows into Bitcoin ETFs and progress on the CLARITY Act provide a positive backdrop for the cryptocurrency market.

At the same time, geopolitical developments and technical resistance levels continue to influence short-term price action.

In an earlier report, we noted that the Ethereum Foundation rebalances its treasury with ETH unstaking.

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