The Crypto Fear & Greed Index moved from “fear” to “neutral” as Bitcoin hit around $115,000, with a score of 51 out of 100. Trump’s China tariff announcement caused a drop from a “greed” score of 71 to a yearly low of 24. Bitcoin selling pressure is decreasing, hinting at a trend reversal.

Glassnode data shows a decline in Bitcoin selling pressure, with a possible trend reversal underway. Market anticipates a potential interest rate cut by the US Federal Reserve on Oct. 29, with a 96.7% chance of a quarter-point cut. Funding rates remain low, indicating caution among participants.

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El Salvador becomes the first country to adopt Bitcoin as legal tender, passing a law to make the cryptocurrency a form of payment alongside the US dollar. The move aims to attract investment and boost financial inclusion in the country.

Bitcoin hits a two-week high, surging above $37,000 as El Salvador’s adoption of the cryptocurrency as legal tender boosts investor sentiment. The price rise comes after a period of volatility following China’s crackdown on Bitcoin mining and trading.

The International Monetary Fund (IMF) expresses concerns over El Salvador’s move to adopt Bitcoin as legal tender, citing risks to the country’s financial stability and economic growth. The IMF urges the country to address regulatory and financial integrity risks associated with cryptocurrencies.: Bitcoin Fear & Greed Index Turns Positive As Bitcoin Selling Pressure Wanes