Bitcoin’s price surge above $90,000 led to a spike in crypto market sentiment, reaching a two-month high on April 23. Despite the positive momentum, sentiment has started to decline as analysts question the sustainability of the rally. The Crypto Fear & Greed Index hit a score of 72 on April 23, indicating “Greed” as Bitcoin crossed the $90,000 mark. However, the score dropped to 60 by April 25, signaling a cooling off period. The dominance of Bitcoin in the crypto market remains strong, with its dominance above 64% and low altcoin season score. Analysts have expressed caution about the rally, with some like 10x Research’s Markus Thielen highlighting the need for stablecoin activity to confirm the rally’s strength. On the other hand, Bitfinex analysts see potential in Bitcoin’s relative strength against US equities. Despite the mixed sentiments, some, like MN Trading Capital’s Micha\u00ebl van de Poppe, remain bullish and anticipate a path to a new all-time high. Altcoin season data shows a clear preference for Bitcoin over altcoins, with Bitcoin’s dominance at 64.39%. Social media sentiment around Bitcoin has turned bullish, indicating growing optimism. Additionally, US-based spot Bitcoin ETFs have seen significant inflows, further boosting market confidence. The overall sentiment in the crypto market remains cautious yet optimistic, with analysts closely monitoring Bitcoin’s price movements for further insights.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin’s price surge above $90,000 led to a spike in crypto market sentiment, reaching a two-month high on April 23. Despite the positive momentum, sentiment has started to decline as analysts question the sustainability of the rally. The Crypto Fear & Greed Index hit a score of 72 on April 23, indicating “Greed” as Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/110922"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=110922"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/110922\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=110922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=110922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=110922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}