{"id":24074,"date":"2023-10-25T06:37:59","date_gmt":"2023-10-25T06:37:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-market-sentiment-at-highest-point-since-btcs-69k-all-time-high\/"},"modified":"2023-10-25T06:38:02","modified_gmt":"2023-10-25T06:38:02","slug":"crypto-market-sentiment-at-highest-point-since-btcs-69k-all-time-high","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-market-sentiment-at-highest-point-since-btcs-69k-all-time-high\/","title":{"rendered":"Crypto market sentiment at highest point since BTC\u2019s $69K all-time high"},"content":{"rendered":"
Bitcoin (BTC) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index.<\/p>\n
The index is now at 72 out of a total possible score of 100, placing it within the \u201cgreed\u201d ranking \u2014 a six-point increase from Oct. 24 and a 16-point bounce from its 50-point \u201cneutral\u201d rank on Oct. 18.<\/p>\n
The strengthening market sentiment follows a wave of excitement that BlackRock\u2019s spot Bitcoin exchange-traded fund (ETF) could be inching toward approval by the United States Securities and Exchange Commission.<\/p>\n
On Oct. 24, Bitcoin staged its largest single-day rally in over a year, recording a 14% daily gain as its price briefly moved above the $35,000 mark.<\/p>\n