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| Dogecoin |
Market sentiment wavers as crypto volatility rises and investors brace for U.S. economic slowdown
Dogecoin (DOGE) slipped 3% in the last 24 hours, leading losses among major cryptocurrencies. Meanwhile, Bitcoin (BTC) hovered around $85,000, maintaining a steady position despite mounting concerns about a potential U.S. recession.
Traders are shifting sentiment as U.S. recession odds reach 40% to 60% in betting markets. Leading analysts suggest crypto markets are becoming increasingly decoupled from equities, which have shown greater volatility in recent weeks. As global tariff worries ease, macroeconomic factors are taking the spotlight.
Mantra's OM rebounds, VeThor surges on UFC connection
Beyond the majors, Mantra’s OM token rebounded sharply, rising 20% after a rapid 90% drop on Sunday. Though a recovery plan is underway, market watchers remain cautious about OM’s future. Volatility has fueled trader skepticism, especially following similar price action in Story Protocol’s IP token, which fell 20% and then spiked 30% within hours.
VeThor (VTHO), however, stole headlines with a 37% surge, driven by the announcement that UFC CEO Dana White has joined as a strategic advisor. The move has ignited speculation that real-world asset (RWA) integration may boost VeThor's mainstream appeal and utility.
Broader crypto market faces mixed sentiment
Data from CoinDesk 20 shows the overall market dipped nearly 2%, with Solana (SOL), Tron (TRX), and Cardano (ADA) down as much as 2.5%. In contrast, BNB and XRP remained flat. Despite mixed price movement, Bitcoin's relative stability compared to equities has revived its “store of value” narrative.
According to SignalPlus’ Augustine Fan, traders may soon prioritize sentiment over fundamentals. As risk-off strategies dominate, assets like gold and Bitcoin could benefit from renewed investor interest.