Bitcoin (BTC) edges above $65,000 on Tuesday, following the breakout of the 50-day Exponential Moving Average (EMA) at $65,051 the previous day. Easing crypto market risk-off sentiment provides tailwinds for altcoins, supporting an extended recovery. Virtuals Protocol (VIRTUAL) and Uniswap (UNI) have emerged as top performers over the last 24 hours.

CoinMarketCap’s Fear and Greed Index at 37 indicates a steady recovery in market sentiment, suggesting improving investor confidence.

Bitcoin extends gains above $65,000

Bitcoin holds above the 50-day EMA at $65,051 but remains well below the 200-day EMA at $74,693, which continues to cap the broader trend. This alignment suggests a neutral-to-mildly…