Crypto Market Sentiment Improves Amid Geopolitical Tensions
Bitcoin's (BTC) rebound has lost momentum near $65,000 as investors assess the impact of geopolitical tensions in the Middle East. The Crypto King remains above $64,000, but its upside is capped while the downside appears supported.
Ethereum (ETH) and Ripple (XRP), on the other hand, are consolidating with ETH trading above $1,900 and XRP above $1.00. Despite holding key support levels, rebounds are increasingly difficult to sustain in both altcoins.
The Crypto Fear & Greed Index is currently in the Fear territory, up from 41 the day before and 27 in the previous week. If this growth continues, risk-on sentiment could boost investor engagement and demand, raising the odds of an extended recovery.