Crypto Market Sentiment Drops, Only Bitcoin & ADA Positive

After reaching the highest score in a year of 6.23 last Monday, the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins fell back in the zone we’re more used seeing it in. Though still high, it’s below the score seen even three weeks ago, now standing at 5.63/10, according to Omenics, a crypto market sentiment analysis service.

The drop can be seen across the board – it’s all red. Compared to last week’s six coins in the positive zone, we have only two there now, Bitcoin (BTC) and Cardano (ADA), both of which are also showing lower scores today – from 7.5 to 6.6, and from 6.3 to 6, respectively. Many other coins that were on the very border of the positive zone last week failed to cross it, moving away from it instead, including Bitcoin Cash (BCH) – the only one to fall below the score of 5.

Sentiment change among the top 10 coins*:
Interpreting the sentscore’s scale:
– 0 to 2.5: very negative
– 2 to 3.9: somewhat…