While Bitcoin price jumped, a correction to $33,000 could be likely. The sentiment around the market seems to have dampened but a new high could also be hit in a few weeks.climbed above $35,000 again after the king coin lost hold on the region a few days ago. According to Santiment, the recovery could be linked to the rising optimism in the market, caused by the re-listing of BlackRock’s iShares ETF on the Depository Trust and Clearing Corporation market.
But, a few hours later, the listing was yanked off, and moments after, the U.S. SEC fined BlackRock $2.5 million. However, the fine was unrelated to the listing on the DTCC. Rather, it was a matter of the institution’sto a value of 71. With a score from 0 to 10, the crypto fear and greed index is an indicator that helps to gauge market sentiment.
It can also be helpful in identifying entry and exit in the market. Values below 50 signify fear. And at times, a neutral position. Values between 50 and 74 indicate greed while those from 75 and above show extreme greed.The value of the coveted index mentioned above means that there was enough profit in the market. It also infers that the BTC price could be due for a correction.which had declined to -0.071.
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