Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge
- Bitcoin dominance stays strong at 63.1%, leading the market amid altcoin struggles.
- Altcoin Season Index at 16 indicates Bitcoin-driven market, limiting altcoin gains.
- Renewed ETF inflows signal growing institutional confidence, fueling bullish sentiment.
The cryptocurrency market is showing signs of a possible bullish wave as several indicators point toward renewed investor optimism. After weeks of turbulence, the Fear and Greed Index now sits at a neutral 51, suggesting a balance between buyers and sellers. Meanwhile, Bitcoin’s dominance remains strong at 63.1%, reinforcing its role as the market leader during uncertain times.
Significantly, the overall crypto market cap has surged to $2.98 trillion, approaching a major psychological milestone. This steady rise reflects a period of recovery after notable volatility earlier in April. Besides, positive inflows into crypto ETFs are supporting the argument that investors are regaining confidence in the market.
Bitcoin Holds Momentum as Altcoins Lag
Moreover, Bitcoin has maintained its upward momentum, priced at $94,752.18 with a modest 0.58% gain. Solana (SOL) is also seeing healthy growth, up by 2.04% a…
The post Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge appeared first on Coin Edition.
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Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge
- Bitcoin dominance stays strong at 63.1%, leading the market amid altcoin struggles.
- Altcoin Season Index at 16 indicates Bitcoin-driven market, limiting altcoin gains.
- Renewed ETF inflows signal growing institutional confidence, fueling bullish sentiment.
The cryptocurrency market is showing signs of a possible bullish wave as several indicators point toward renewed investor optimism. After weeks of turbulence, the Fear and Greed Index now sits at a neutral 51, suggesting a balance between buyers and sellers. Meanwhile, Bitcoin’s dominance remains strong at 63.1%, reinforcing its role as the market leader during uncertain times.
Significantly, the overall crypto market cap has surged to $2.98 trillion, approaching a major psychological milestone. This steady rise reflects a period of recovery after notable volatility earlier in April. Besides, positive inflows into crypto ETFs are supporting the argument that investors are regaining confidence in the market.
Bitcoin Holds Momentum as Altcoins Lag
Moreover, Bitcoin has maintained its upward momentum, priced at $94,752.18 with a modest 0.58% gain. Solana (SOL) is also seeing healthy growth, up by 2.04% a…
The post Fear and Greed Stabilizes as Bitcoin Sets the Stage for Crypto’s Next Surge appeared first on Coin Edition.
Read More