Skip to content
Call: +1 902 488-3233
Email: Support@singhtrader.io
singh trader
  • Category
    • No Category Found
  • Home Main
  • Latest Courses
  • Contact Us
  • News
0

Currently Empty: $0.00

Continue shopping

Try for free
singh trader
  • Home Main
  • Latest Courses
  • Contact Us
  • News

Crypto Market Price Bump Pushes Crypto Sentiment To ‘Greed’

  • Home
  • The Singh News Wire
  • Crypto Market Price Bump Pushes Crypto Sentiment To 'Greed'
Breadcrumb Abstract Shape
Breadcrumb Abstract Shape
Breadcrumb Abstract Shape
The Singh News Wire

Crypto Market Price Bump Pushes Crypto Sentiment To ‘Greed’

  • 07 Aug, 2025
  • Com 0


Sentiment among crypto market participants has again turned bullish following a modest price increase in several major cryptocurrencies over the past 24 hours.

The Crypto Fear & Greed Index rose to “Greed” on Thursday with a score of 62 out of 100, recovering from a drop into “Neutral” the day before. It follows several volatile days in the crypto market as Bitcoin (BTC) fell to $112,000 over the weekend just weeks after hitting an all-time high of $123,100 in mid-July.

Sentiment bump shows market anticipates stability

The index’s return to “Greed” came as Bitcoin rose 1% over the past 24 hours, trading at $114,298, according to Nansen.

Bitcoin is trading at $114,298 at the time of publication. Source: Nansen

The slight price uptick, along with the bump in sentiment, signals that market participants view the modest gain as a sign of stability in the near term. 

Meanwhile, onchain analytics firm Glassnode said on Wednesday that profit-taking among Bitcoin Short-Term Holders — those holding for less than 155 days — has “cooled off.”

The broader crypto market also moved higher. Ether (ETH) posted gains of 2.37% over the past 24 hours to trade at $3,664 at the time of publication, while XRP (XRP) posted gains of 2.14% to trade at $2.97, and Solana (SOL) posted gains of 3.26% to trade at $167.38.

Analysts say Bitcoin on for “bullish breakout”

The uptick in sentiment was echoed through analysts’ commentary on Thursday, with MN Trading Capital founder Michael van de Poppe saying on X that “Bitcoin is back to resistance and consolidates here. This test should likely bring the bullish breakout.”

Related: Crypto funds see $223M outflow, ending 15-week streak as Fed dampens sentiment

Crypto trader Galaxy said that the last time Bitcoin saw similar volatility was in November, before it climbed from around $70,000 to $100,000 by Dec. 5 during a month-long rally following Donald Trump’s US presidential election win.

Meanwhile, crypto trader Ted forecasted that Bitcoin could reach new highs of $125,000 soon, noting that it would trigger $18 billion in liquidations.

Magazine: Ether could ‘rip like 2021’ as SOL traders brace for 10% drop: Trade Secrets

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.