Crypto Markets Show Faint Signs of Recovery as BTC Reclaims $78,000

Crypto markets have shown faint signs of recovery as major assets like Bitcoin and Ethereum trend higher. BTC reclaimed $78,000 on Thursday after persistent declines from its August peak near $81,500.

Ethereum also rebounded after outflows totaling $48 million on Wednesday, holding above the short-term support at $2,400. XRP edged higher as bulls aim for a $1.40 breakout despite a bearish MACD indicator.

A steady appetite for risk assets is reflected in the Fear & Greed Index, which rose to 65 in the Greed territory on Thursday, up marginally from 63 the previous day. Positive market sentiment provides a much-needed tailwind to sustain price increases.