RATE Group | Crypto Market Sentiment Improves; Bitcoin Back in the Positive Zone
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Crypto Market Sentiment Improves; Bitcoin Back in the Positive Zone

06 Jan Crypto Market Sentiment Improves; Bitcoin Back in the Positive Zone

Posted at 16:08h in Bitcoin News by

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Crypto Market Sentiment Improves; Bitcoin Back in the Positive Zone 101
Source: iStock/honglouwawa

The cryptocurrency market sentiment finally made a larger move after weeks of minor activity. Instead of a fall following the last Monday’s rise to 4.64, as the recent established pattern would’ve indicated, the combined moving average 7-day market sentiment measure for the top 10 coins went up to 4.79/10, according to Omenics, a cryptocurrency market sentiment analysis service.

Though the rise itself isn’t large, it breaks yet another pattern: majority of the coins remain in green for the second week in a row, though they’ve been switching between red and green for weeks. All but Tether (USDT) and EOS (EOS) are in green. Besides the two broken patterns, this week is also significant as we see Bitcoin (BTC) back in the positive zone, with a Sentscore of 6. The last time we saw it green was Monday, November 11, 2019. That said, there are no other top 10 coins with a score of 5 or above.

Sentiment change among the top 10 coins*:
Interpreting the…

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