Crypto market sentiment has stayed robust even as Bitcoin saw a nearly 2% decrease in price, trading close to $105,560 after reaching just below $109,000 earlier. The Crypto Fear & Greed Index indicates a 'Greed' score of 63, reflecting a slight decline from the previous day. Analysts suggest that the third quarter, historically known for weaker performance, began on July 1, contributing to this downturn. Data indicates that Bitcoin has averaged a 5.47% gain during this quarter since 2013. Despite current challenges, Bitcoin's dominance remains high at 65.5%, and there's speculation on whether it can retest its all-time high of $111,970 reached in May. However, CryptoQuant's metrics show signs of uncertainty, with the Bitcoin Bull Score in neutral territory. Overall, while Bitcoin's price faces pressure, market sentiment appears to hold steady, indicating potential resilience moving forward.

Source đź”—