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Bitcoin, Ethereum sentiments are in the fear zone, but here’s what’s really going on
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It wasn’t a very happy start of the year for most bulls as the market resembled a slaughterhouse, and crash after crash affected investors’ spirits. Feelings might not seem important in the crypto-sector, but they can often point at changing fortunes. So, it’s time to take a look at the top two crypto-assets.
The crypto-analytics platform Santiment recently noted that despite mild rallies, traders have been opting for caution as fear still hangs heavy in the air. Looking at weighted sentiment for Bitcoin and Ethereum, both were in the “Fear Zone” below -0.5 at press time.
While this might sound gloomy, Santiment reminded watchers that negative sentiments can at times trigger a rise in price.
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