Bitcoin gains, is still 'significantly undervalued,' Bitwise says
According to experts from Bitwise, despite the recent rise in Bitcoin's price, the cryptocurrency is still significantly undervalued by the market. The report states that 'extreme fear' still dominates the cryptocurrency market, hindering a more active market recovery.
Notably, this conclusion was made against the backdrop of positive dynamics - over the past day, the first cryptocurrency has risen in price by more than 5%, exceeding the $30,000 mark. This rally has become a continuation of the upward trend that has been observed since the beginning of 2026.
However, despite the growth, Bitwise experts believe that Bitcoin is still 'significantly undervalued' by the market. In their opinion, the fair price of the cryptocurrency should be much higher than the current levels.
This contradiction - rising prices against the backdrop of persistent 'extreme fear' in the market - shows that the recovery of the cryptocurrency market is still unstable. Players are still highly cautious, fearing possible sharp sell-offs.
According to analysts, for the cryptocurrency market to move into a sustainable growth phase, a further reduction in the level of fear and uncertainty among participants is necessary. Only in this case can we talk about the beginning of a full-fledged recovery.