Bitcoin Sentiment Index Has Recovered Above 55.3% – The Start Of A Bullish Ra...
Bitcoin has faced massive volatility and sharp price swings as the market remains uncertain about the coming weeks. After briefly losing key levels at $90,000 and $85,000, BTC saw a strong reaction from bulls, surging back to $95,000 following President Trump’s announcement of a U.S. Strategic Crypto Reserve. This rally temporarily boosted sentiment, but Bitcoin […]
Related News
The crypto market sentiment had been on the rise at the start of August, but as the month draws to a close, a market crash has dragged it back to August levels. The Fear & Greed Index had previously reached a local peak of 42 when the price of bitcoin had recovered to $25,000. However, since then, the downtrend has been on a decline back into the Fear territory. Fear & Greed Index At Mostly Lows The Crypto Fear & Greed Index has declined to a score of 25. This puts it dangerously close to falling back into the Extreme Fear territory. Now, the reason that market sentiment is so important to....
Bitcoin prices experienced notable gains this week, pushing higher as sentiment recovered from the lagging impact of market turmoil. The digital currency rose to as much as $1,024.14 on 3rd February, roughly 11.5% above its opening price of $918.56 on 28th January, according to the CoinDesk Bitcoin Price Index (BPI). At the time of report, bitcoin was trading at $1,015.11, slightly below the weekly high. This sharp gain compared to the tepid increase of 3% generated during the week through 27th January, and the more notable rise of 7.9% produced during the prior week. Bitcoin’s price....
The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is until now when the market sentiment has recorded an enormous push upward off the back of another market rally. Sentiment Turning Green The crypto market sentiment has been on an uptrend since the recovery started back in July. When the price of bitcoin first hit $24,000 for the first time since the market trend,....
The crypto fear and greed index shows market is back in the extreme fear territory as Bitcoin has once again declined to $36k. Market Sentiment Returns To Extreme Fear As Bitcoin Drops To $36k Recently, as the price of the crypto recovered back above $38k, the market sentiment rose to that of fear. However, today, the price of BTC has again declined, leading to a return to extreme fear sentiment. The relevant indicator here is the “fear and greed index,” which measures the general sentiment among Bitcoin investors. The metric uses a numeric scale that goes from zero to hundred....
The price of bitcoin rose close to 10% this week, pushing higher as bullish market sentiment and low liquidity created an ideal environment for gains. The digital currency enjoyed notable increases during the week, surpassing $600 on Sunday, 4th September, while largely avoiding any significant pullbacks or corrections. Sentiment is so strong "players are not willing to bet against the rise of BTC/USD," according to Petar Zivkovkski, director of operations for Whaleclub. He told CoinDesk: "New short position openings are almost at all-time lows, [which] indicates that the....