Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain
- Bitcoin hit $94K before pulling back slightly to $92K.
- Fear & Greed Index shows ‘Greed’ with a 63 score.
- Altcoins like ETH, DOGE, SOL, ADA show moderate gains.
Bitcoin (BTC) sparked renewed crypto market vigor early Thursday, briefly surging to $94,535 before pulling back roughly 2% to settle near $92,000. While a partial retreat, the move signaled a notable shift in market mood. Ethereum (ETH) meanwhile held steady around $1,768, though other majors like XRP, Solana, and Cardano saw declines.
The Crypto Fear & Greed Index now sits at 63, indicating “Greed” — a big shift from last week’s neutral zone. This change shows growing excitement among traders, though it also comes with a warning, as extended periods of “Extreme Greed” (above 75) have historically been followed by market corrections.’
One example could be in February 2021, when the Fear & Greed Index hit 95. After that, Bitcoin climbed to $64,000 by April. But just three months later, it dropped to $30,000. At the same time, the index fell to 10, showing that investors had become very scared.
Market Cap Nears $3 Trillion
The global crypto market cap now stands at appro…
The post Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain appeared first on Coin Edition.
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Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain
- Bitcoin hit $94K before pulling back slightly to $92K.
- Fear & Greed Index shows ‘Greed’ with a 63 score.
- Altcoins like ETH, DOGE, SOL, ADA show moderate gains.
Bitcoin (BTC) sparked renewed crypto market vigor early Thursday, briefly surging to $94,535 before pulling back roughly 2% to settle near $92,000. While a partial retreat, the move signaled a notable shift in market mood. Ethereum (ETH) meanwhile held steady around $1,768, though other majors like XRP, Solana, and Cardano saw declines.
The Crypto Fear & Greed Index now sits at 63, indicating “Greed” — a big shift from last week’s neutral zone. This change shows growing excitement among traders, though it also comes with a warning, as extended periods of “Extreme Greed” (above 75) have historically been followed by market corrections.’
One example could be in February 2021, when the Fear & Greed Index hit 95. After that, Bitcoin climbed to $64,000 by April. But just three months later, it dropped to $30,000. At the same time, the index fell to 10, showing that investors had become very scared.
Market Cap Nears $3 Trillion
The global crypto market cap now stands at appro…
The post Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain appeared first on Coin Edition.
Read More