Crypto market sentiment stays in ‘Fear’ following Trump’s deal with China
A crypto analyst said the crypto market crash in October will be looked back on as one of the “bottom days in hindsight.”
A widely used crypto market sentiment indicator has remained in uncertain territory despite improved clarity on trade relations between US and China. It comes as US President Donald Trump reached a trade deal with China this week.
However, some crypto analysts suggest the announcement could soon have a positive impact on the crypto market.
The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 37 on Sunday, up 4 points from its “Fear” score of 33 on Saturday. The slight uptick comes as the White House released a comprehensive statement outlining the trade agreement reached between Trump and Chinese President Xi Jinping.