Bitcoin Bounce Stalls as XRP, Zcash Lead Gains; Arca Says Rally Not a Dead-Cat Bounce

Why It Matters

The recovery has lifted digital-asset stocks (miners up as much as ~10%) and suggests market functioning is normalizing, which could underpin further risk-on flows if macro pressure continues to abate.

Summary

Crypto’s weekend rebound showed signs of durability on Monday even as Bitcoin’s intraday rally faded — BTC traded around $111,000 and Ether slipped below $4,000 while XRP, Chainlink and privacy token Zcash (up 17%) led gains. Arca said the move looks like a structural reset rather than a short‑lived “dead‑cat” bounce, citing a ~15% week‑over‑week rise in exchange volumes, rebuilding open interest in decentralized perpetuals, returning liquidity and easing U.S. regional banking stress. The recovery has lifted digital-asset stocks (miners up as much as ~10%) and suggests market functioning is normalizing, which could underpin further risk-on flows if macro pressure continues to abate.