The combined moving 7-day average crypto market sentiment score (sentscore) for the top 9 coins by market capitalization fell from to over the past seven days - relatively far from the positive zone border around which it lingered. Bitcoin’s options market is in the midst of its strongest bullish sentiment on record as the cryptocurrency rallies to three-year highs. The six-month put-call skew, or the spread between prices. Sep 27, · The overall market sentiment has shifted recently from being fearful to one of neutrality, after a small Bitcoin surge. This shows that users are getting acclimated to the market moves, while also hinting at a reversal in sentiment to greedy aka 24crypto.de: Akash Girimath.
Bitcoin market sentimentBitcoin’s Options Market Shows Strongest Bullish Mood on Record - CoinDesk
BCH is no longer on it, however, leaving the Omenics' coin-long list entirely. Polkadot DOT is the newest entrant to the top 10 list. Including the newest member into the calculation, the combined sentscore for the top 10 coins is now 5. Looking at the top 10, there isn't a single coin whose sentscore has increased in the past week.
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Ripple 14 hours ago. Interestingly, the onset of the novel coronavirus brought a broad range of asset classes down — stocks, cryptocurrencies, gold and silver, you name it. Since Bitcoin was birthed in , commentators sometimes speculated about whether Bitcoin would withstand a crisis event. Some folks even predicted that Bitcoin would sharply increase in value during such an event.
Yet, as it turned out, investors got spooked and cashed up during the onset of Covid The narrative of increasing cryptocurrency adoption seemed irrelevant at that point. Fearful investors sold everything but the kitchen sink in order to raise cash — but the faithful Bitcoin holders would soon be richly rewarded. In late , it was the U. This, along with the increasing acceptance of cryptocurrency as a legitimate way to transfer funds and make purchases, catalyzed the Bitcoin price.