Cryptocurrency markets demonstrated mixed performance over the weekend, with Bitcoin briefly testing support below $94,000 before recovering to $95,400. Ethereum posted modest gains of 1% to trade around $3,180, while BNB maintained stability at $930. Solana showed stronger momentum with a 2% increase to $142. Notable performers included Uniswap, Immutable, and Ethena, each advancing approximately 4%. Zcash experienced significant momentum, briefly exceeding the $700 threshold on Sunday following positive commentary from prominent market analyst Cobie regarding its fundamental strength.
Market sentiment remains deeply pessimistic, with the Crypto Fear & Greed Index registering at 14, firmly within the Extreme Fear territory after hitting a weekly low of 10 on Friday. JPMorgan’s latest analysis identified $94,000 as a crucial support level for Bitcoin, derived from mining cost calculations, while projecting potential upside targets near $170,000.
Institutional participation continues to expand, with Harvard University’s endowment reportedly acquiring approximately $350 million in Bitcoin exposure through IBIT during the third quarter—representing a substantial 257% increase from its June filings. Concurrently, BlackRock’s digital asset fund BUIDL extended its reach to Binance and BNB, signaling growing institutional infrastructure development across cryptocurrency markets.
