Bitcoin rebounds from fear zone, but ‘FUD’ may not be over: Santiment
Bitcoin sentiment shifted from fear to neutral as crypto markets rebounded from their correction, but a Friday Fed speech could create more volatility.
Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier.
However, analysts have been quick to warn that more volatility lies ahead.
Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday, marking a 10% correction from its August peak of just over $124,000, and tipping the Bitcoin Fear & Greed Index to 44, its lowest level in two months.