Bitcoin, Ether, XRP price bump pushes market sentiment to ‘Greed’
Main Idea
The Crypto Fear & Greed Index shifted to 'Greed' as Bitcoin, Ether, and XRP prices rose, with analysts predicting further bullish trends for Bitcoin.
Key Points
1. The Crypto Fear & Greed Index rose to 'Greed' with a score of 62 out of 100, indicating improved market sentiment.
2. Bitcoin's price increased by 1% over 24 hours, trading at $114,298, while Ether and XRP also posted gains of 2.37% and 2.14% respectively.
3. Analysts, including Michael van de Poppe, suggested Bitcoin could see a 'bullish breakout' and potentially reach $125,000 in the near term.
4. Short-term Bitcoin holders have 'cooled off' profit-taking, contributing to price stability around $115K.
Description
Crypto analysts echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term.
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