RATE Group | Crypto Market Sentiment Jumps Up; Bitcoin Climbs Up
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Crypto Market Sentiment Jumps Up; Bitcoin Climbs Up

13 Jan Crypto Market Sentiment Jumps Up; Bitcoin Climbs Up

Posted at 15:43h in Bitcoin News by

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Crypto Market Sentiment Jumps Up; Bitcoin Climbs Up 101
Source: iStock/da-kuk

The cryptocurrency market sentiment is still showing sings of being well on its path to recovery, and it’s finally making larger jumps. The combined moving average 7-day market sentiment measure, Sentscore, for the top 10 coins went up for the second week in a row, from 4.79 where it stood last Monday to today’s 5.47/10, according to Omenics, a cryptocurrency market sentiment analysis service.

Furthermore, though Tether (USDT) and EOS (EOS) were red last week, all coins are green this time around. Bitcoin (BTC) is the only coin to stay in the positive zone for the second week in a row, ruling the list back with a Sentscore of 6.8, up from last week’s 6. Additionally, even though we saw no other top 10 coins with a score above 4.9 seven days ago, all but Tether are in within the 5.1-5.7 range, and even USDT is close with a Sentscore of 4.9.

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

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