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Bitcoin Bounces Back To $77K, but a Fear-Heavy Market Signals Lingering Crypto Uncertainty

Bitcoin rebounds to $77K amid ETF outflows, SEC-approved index options uncertainty, and weak market sentiment, while Ethereum faces sustained ETF withdrawals and governance debate. Altcoins show mixed performance as DEXE surges 25%, SIREN drops, fear dominates sentiment, and Binance delists the IOTA-BTC trading pair amid ongoing decline in market confidence.

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Bitcoin recovered to around $77,000 on Monday morning after a difficult weekend, recouping Saturday’s price drop to $74,300. Bitcoin ETFs reported $105 million in capital outflows on Friday, bringing last week’s losses to a total of $1.26 billion.

This is not a particularly good sign for the Bitcoin index options recently approved by the US Securities and Exchange Commission (SEC). Nasdaq had already announced such a financial instrument in a press release in August 2024, but the approval process was delayed.

Bitcoin rebounds to $77K as ETF outflows, Ethereum weakness, and altcoin volatility persist amid fear sentiment and delistings

Index options, like the one now available for Bitcoin, allow traders to speculate on BTC price movements without actually holding the coins. This is a common way for professional traders to limit their risk. The ticker symbol will be QBTC, but the first trading day for the Bitcoin index option has not yet been set.

Ethereum has not weathered Saturday’s temporary dip in the crypto markets as well as Bitcoin and is trading at just under $2,100 on Monday morning. Ethereum ETFs have now experienced a continuous outflow of capital for ten trading days, totaling $216 million last week.

Discussions about the direction and future of the Ethereum Foundation continue unabated, and now its patriarch, Vitalik Buterin, has weighed in. He reiterates that the foundation should not be the center of Ethereum, but rather one contribution among many. This self-understanding of the Ethereum Foundation, he argues, is necessary to maintain ETH’s decentralization. From a technological perspective, Buterin links his objective to a dig at blockchains like Hyperliquid, Binance Coin, and Solana, which he accuses of insufficient decentralization.

Buterin considers the foundation’s “mandate,” published in March, to be crucial, focusing on CROPS (censorship resistance, open source, privacy, and security). The 32-year-old Buterin also hints at a gradual withdrawal from the foundation’s day-to-day operations. The power struggle within the Ethereum umbrella organization has been escalating since early 2025 , and Buterin hasn’t always come across in the best light.

Today’s winner is DEXE with a 25 percent gain. DeXe aims to open up self-governance for crypto projects using artificial intelligence and has now worked its way into the top 50 most capitalized altcoins.

SIREN is the biggest loser of the day, down 4.5 percent. The AI ​​project is a regular among the day’s winners and losers; SIREN’s price curve often resembles a rollercoaster ride.

The crypto sentiment barometer has fallen back into the “fear” zone, and the crypto scene is closely following developments in the Iran crisis.

The long-established altcoin IOTA has suffered another setback. Binance, the world’s largest cryptocurrency exchange, has announced that the IOTA-Bitcoin trading pair will be removed from its platform. Back in the fall of 2024, Binance had already issued a ” risk warning” for IOTA , reacting to its significant impact on tokenomics.

However, Binance will initially maintain the dollar-to-stablecoin trading pair for IOTA. Block-Builders has been following IOTA’s developments for years; most recently, layoffs at the foundation and an all-time low in March have been in focus. Realistically speaking, IOTA appears to be nearing the end of a long journey.

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(Featured image by Traxer via Unsplash)

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First published in Block-Builders.de. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Sharon Harris is a feminist and a part-time nomad. She reports about businesses primarily involved in tech, CBD, and crypto. She started her career as a product manager at a Silicon Valley startup but now enjoys a new life as a personal finance geek and writer. Her primary aim is to provide readers with a new perspective on the overlapping world of finance and technology.