If one were to choose one word to define Bitcoin and its price movement over the past few weeks, it would be Persistence. With the cryptocurrency’s valuation showing no signs of stopping since October, Bitcoin hinted at a price reversal after it dropped down to $15, on 14 November. While the crypto’s price was back up to $16, at press time, BTC should be expecting more corrections. When Investors are getting too greedy, that means the market is due for a correction. Therefore, we analyze the current sentiment of the Bitcoin market and crunch the numbers into a simple meter from 0 to Zero means "Extreme Fear", while means "Extreme Greed". See below for further information on our data sources. Oct 26, · In all fairness, market sentiment is present in all asset classes (i.e traditional stocks and crypto), but bringing a level of assurance to such indicators will depend on the maturity of Bitcoin. While Bitcoin is still a few years away from being an established mature asset, the foundations are becoming stronger with every passing day.
Bitcoin cash market sentimentCrypto Market Sentiment Unchanged, Litecoin Takes The Week's Throne
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Latest Interview. Latest Press Release. Blockchain eosfinex Exchange Integrates With The Wombat Wallet DeFi has been booming as of late, but there are still challenges that need to be addressed in the effort to push To Top. For the third week in a row, the top 10 coins list doesn't include bitcoin cash BCH which saw another hard fork two weeks ago and whose sentscore is still at 0. With the very slightly lower score this week, we also see that most coins' sentscores have dropped in the last seven days.
Litecoin - one of last week's losers - is the week's winner, having seen an increase in its sentscore of 3. That said, the latter three are all in the positive zone, led by bitcoin's score of 7. The three are joined by XRP's 6. And even though litecoin hasn't been in the positive zone for two weeks now, it and stellar XLM are the closest to it from the remaining coins. And speaking of stellar, among the red coins, its score dropped the most: 6.