Fear & Greed Index: The index currently stands at 66, indicating a 'Greed' sentiment among investors, a significant rise from April's lows .
Bitcoin Bull Market Index: This index has surged from 20 to 80, reflecting increased spot demand and bullish sentiment .
š¹ Price Movements
Bitcoin (BTC): Trading around $103,484, with a slight decrease of 0.47% from the previous close.
Ethereum (ETH): Currently at $2,491.73, down 3.76%.
BNB: Priced at $643.52, a decrease of 2.26%.
Cardano (ADA): Trading at $0.761, down 2.91%.
XRP: At $2.37, a decline of 2.47%.
š Institutional Activity
Institutional investors have shown increased interest, with Bitcoin's net exchange flow turning negative, indicating accumulation by long-term holders .
š Technical Indicators
Relative Strength Index (RSI): Bitcoin's RSI is at 52, suggesting a neutral market condition .
Trading Volumes: Bitcoin's trading volume on Binance spiked by 15% to $1.8 billion, while Ethereum's volume rose by 10% to $850 million .
š§ Conclusion
The crypto market is experiencing a phase of cautious optimism, with institutional accumulation and positive sentiment indicators. However, traders should remain vigilant, as market conditions can change rapidly.
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