Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week’s break into the 5-6 score level with a sentscore of 5.27, this Monday the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped slightly to 5.2/10, as measured by crypto market sentiment analysis service Omenics.

Though the drop is small, the overall changes in the top 10 list are quite visible. Half of the coins are in red, while three coins are in the 4-5 range compared to last week’s two. Out of the three, Bitcoin Cash (BCH) fell again this week and is now on the verge of the negative zone. Meanwhile, Bitcoin (BTC) dropped out of the positive zone it had finally reached last week, and it’s now standing at 5.9.

Now leaving the combined moving average weekly sentscore to look into that of the last 24 hours, we see both a better and a worse situation at the same time. The sentscore…