Ethereum and XRP Hit Multi-Month Lows in Sentiment as Uptober Begins
October has not started well for Ethereum (ETH) and XRP (XRP), as negative sentiment reaches multi-month lows, according to data from Santiment. The two altcoins are often referred to as 'Uptober', but so far this month, they've barely budged in price, with ETH at $2,715.50 and XRP at $1.51.
The ratio of bearish to bullish commentary on social media platforms such as Twitter, Telegram, and Reddit has taken a turn for the worse, with Ethereum's reading falling to 0.89, its lowest since June 7, and XRP dropping further to 0.67, its weakest level since August 17.
Bitcoin (BTC) sentiment, on the other hand, remains relatively positive at 1.37. The Crypto Fear & Greed Index, which measures market sentiment across various assets, currently sits in 'Greed' territory at 72, up from 63 a month ago.