Bitcoin, Ether, XRP Price Bump Pushes Market Sentiment to ‘Greed’
Crypto market participants shifted toward bullish sentiment after a modest price uptick across major assets. The Crypto Fear & Greed Index climbed to 62 out of 100, reentering the “Greed” zone following a brief dip into “Neutral.” Bitcoin rose by 1% to trade at $114,298, while Ether advanced 2.37% and XRP gained 2.14% over the past 24 hours.
Sentiment metrics from Nansen indicate growing optimism, supported by Glassnode data showing profit-taking by short-term Bitcoin holders has eased. Market analysts view the uptick as an indicator of potential stability despite recent volatility. Technical commentary from MN Trading Capital forecasts a bullish breakout upon resistance retest.
Broader market trends include Solana outperforming with a 3.26% gain, while volumes remained in a narrow trading range. Options markets display mixed signals: Deribit-listed put demand has increased, reflecting hedging against downside, yet delta metrics imply lower probability of sub-$100K Bitcoin by year-end compared to Polymarket predictions.
Investor focus centers on regulatory developments, including U.S. SEC guidance on staking and potential Solana ETF approvals. Institutional flows into spot Bitcoin ETFs have resumed, further underpinning optimism. Upcoming macro events, such as U.S. inflation data and Fed policy comments, may influence short-term momentum.
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