Bitcoin is holding above $90K, so why is ‘greed’ sentiment slipping?
From Cointelegraph
April 24, 2025 11:53 PM:
Crypto market sentiment reached a two-month high on April 23, with the Crypto Fear & Greed Index hitting “Greed” territory. Bitcoin’s price surge above $90,000 contributed to the sentiment spike, but analysts are skeptical about the rally’s sustainability. Bitcoin dominance remains above 64%, with strong ETF inflows and a low altcoin season score. Despite Bitcoin trading between $91,800 and $94,304, sentiment in the “Greed” zone is cooling off gradually, with the index falling to 60 on April 25. Analysts like Markus Thielen and Bitfinex remain cautious about the rally’s sustainability, while others like Michaël van de Poppe are more bullish. CoinMarketCap’s altcoin season index shows a strong preference for Bitcoin over altcoins, with a low score of 17 out of 100. Bitcoin sentiment has been positive since touching the mid-$80,000 range, with social media posts turning bullish. US-based spot Bitcoin ETFs have seen a significant influx of $2.6 billion in net inflows over the past four trading days, marking their third-best week since launching in January 2024.
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1. Bitcoin hits new all-time high of $60,000, fueled by institutional interest and positive sentiment in the market. Analysts predict continued growth as more companies adopt the cryptocurrency as a store of value.
2. Ethereum reaches record high of $2,000 as decentralized finance (DeFi) projects gain popularity. Experts project further price appreciation as demand for DeFi services increases.
3. Ripple’s XRP token surges 20% after court ruling in favor of the company against the SEC. Investors optimistic about the future of XRP as legal uncertainties clear up.: Bitcoin is holding above $90K, so why is ‘greed’ sentiment slipping?