Crypto Prices Rise as Bitcoin Market Sentiment Hits ’Greed’
Crypto prices rose as Bitcoin market sentiment climbed into the “greed” zone. The crypto Fear & Greed Index jumped to 62, signaling increased bullishness. Bitcoin’s price rose 1% to $114,298, echoing an uptick in Bitcoin market sentiment after recent dips. Ethereum gained 2.37% to $3,664, XRP added 2.14% at $2.97, and Solana recorded a 3.26% surge to $167.38. On-chain data from Glassnode indicates profit-taking by short-term Bitcoin holders has cooled, supporting a more stable outlook. Analysts including Michael van de Poppe and traders at Galaxy predict a bullish breakout, with targets up to $125,000, potentially triggering significant liquidations. Historical parallels to the post-U.S. election rally reinforce expectations of further upside as market participants respond to renewed confidence and improved on-chain metrics.
Bullish
The shift of the Fear & Greed Index into the “greed” zone, combined with rising crypto prices and cooling profit-taking by short-term Bitcoin holders, points to increased buy-side conviction. Historical parallels—such as the post-election surge when Bitcoin rallied from $70,000 to $100,000—support expectations of a bullish breakout. On-chain metrics from Glassnode and positive analyst commentary further validate a stronger market structure. In the short term, this could spur momentum trades and liquidations; in the long term, sustained bullish sentiment may underlie a new upward trend toward $125,000.