Bitcoin Rises to $80,000 as Market Sentiment Improves
Cryptocurrency prices are rising on Thursday, led by Bitcoin's (BTC) uptick near $80,000. Altcoins such as Ethereum (ETH) and XRP are mirroring Bitcoin's short-term bullish outlook.
The Fear & Greed Index has risen to 71, indicating that market sentiment is in the 'Greed' territory, up from 65 the day before. This affirms the broader bullish outlook, as evidenced by steady capital inflows into spot Exchange-Traded Funds (ETFs).
BTC's Bull Score metric has surged into bull-market territory, the strongest reign in nearly a year, according to CryptoQuant analysts.