Following a volatile period, crypto market sentiment has turned bullish again, with the Crypto Fear & Greed Index rising to a score of 62, indicating "Greed." This marks a recovery from a brief dip into "Neutral" territory. The shift in sentiment coincides with a modest price increase across several major cryptocurrencies over the past 24 hours.
After a weekend drop to $112,000, Bitcoin (BTC) has seen a 1% gain, trading at approximately $114,298. This price stability, coupled with the return to a more positive market sentiment, suggests that participants are anticipating a period of stability. Onchain data from Glassnode supports this view, showing that profit-taking among short-term Bitcoin holders has "cooled off."
Other major cryptocurrencies also experienced gains, with Ether (ETH) up 2.37%, XRP up 2.14%, and Solana (SOL) up 3.26%.
The renewed optimism is reflected in analyst commentary. Michael van de Poppe of MN Trading Capital believes Bitcoin's consolidation at its current resistance level could lead to a "bullish breakout." Another analyst, Galaxy, compared the recent volatility to a similar period in November that preceded a major rally. Crypto trader Ted even predicted that Bitcoin could soon reach a new all-time high of $125,000, which would trigger significant liquidations.
August 2025, Cryptoniteuae