The first US interest rate cut in four years has had a visible impact on the global market, including crypto assets.
Crypto market cap increased by nearly 2% in the past 24 hours, with Bitcoin leading a bullish recovery.
The fear of further crypto capitulation has decreased, with Bitcoin's fear and greed index indicating neutral sentiment among traders.
Wall Street analysts caution against expecting an immediate bullish continuation, predicting a potential stock market retrace before a long-term rebound.