Bitcoin, Ether, XRP price bump pushes market sentiment to ‘Greed’
Crypto analysts have observed a shift towards bullish sentiment in the cryptocurrency market after a modest rise in the prices of major cryptocurrencies like Bitcoin, Ether, and XRP. The Crypto Fear & Greed Index rose to a score of 60, indicating a sentiment of 'Greed', recovering from a neutral position the previous day. Bitcoin saw a slight increase of 1%, trading at $114,298. This price movement, following a weekend dip to $112,000 after reaching a high of $123,100 in mid-July, signals potential stability in the market. In addition, Ether increased by 2.37% to $3,664, while XRP and Solana also posted gains of 2.14% and 3.26%, respectively. Analysts suggest a bullish breakout for Bitcoin, with speculation that it might reach $125,000 soon, which could trigger significant liquidations. The overall market recovery comes amid a cooling off among short-term Bitcoin holders, indicating shifting dynamics among investors.
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