From Short To Euphoria: Data Says Bitcoin Market Sentiment Is Rapidly Changing
Bitcoin price this week surged over $1,000 in a single day on the heels of positive PayPal support news. Just three weeks ago, however, negative sentiment was recently at all-time lows, and shorts were climbing. But in a flash, sentiment has rapidly turned and already reached euphoria. What does this sharp and sudden sentiment shift […]
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Today is the day everyone in crypto has been waiting for: popular Bitcoin exchange Coinbase has been publicly listed on the stock market for the first time ever. The entire industry is buzzing, still euphoric from the months of nothing but green candles. However, the euphoria could be blinding market participants to the fact that […]
Crypto euphoria gets a reality check as bitcoin and ether tumble, though XRP is still trading well as SEC-inflicted damage proves limited.
Bitcoin has been recovering from a bloody weekend in the daily chart. At the time of writing, BTC trades at $34,483 with losses in higher timeframes. The general sentiment in the market seems to be flipping bullish, but the bulls require more conviction to make a decisive push against the bears. In the short term, […]
Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes. Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The Crypto Marketcap had had a tough time regaining its hype when the crypto market cap was at its peak of over $2.8 trillion, with most crypto assets performing at their best. The crypto market capitalization....
As the downtrend in the crypto market continues, so does extreme fear. What’s inspiring the sell-off? Is it Omicron? Or is it Evergrande? Is it a conspiracy? Or is it the holidays? All those questions and more have had the Fear and Greed Index pointing left for a month straight. What does this mean? Where do we go from here? That’s what we’re here to explore. Related Reading | Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives But first, let’s talk about the Fear and Greed Index. One of the many Bitcoin indicators, it measures the market’s general sentiment at the....