Crypto sentiment holds steady as Bitcoin drops to $105K
Despite Bitcoin’s recent price wobble and the start of the third quarter — historically its weakest — crypto market sentiment remains strong.
Crypto market sentiment has held steady despite Bitcoin tumbling almost 2% over the past day to change hands close to the $105,000 price level.
The sentiment-tracking Crypto Fear & Greed Index posted a “Greed” score of 63 out of 100 on Wednesday, slipping one point from Tuesday, as Bitcoin (BTC) pulled back 1.79% in a drop to $105,560 after nearly reaching $108,000 the previous day, according to CoinMarketCap data.
Crypto analysts have speculated when Bitcoin might retest its all-time high of $111,970 reached on May 22. Optimism was high on Monday as its price hovered just below $109,000, before slipping into another short-term downtrend.