Friday’s trading session marked a “green” start for the month, with Bitcoin hovering just above the $62 k mark and Ethereum climbing to roughly $1 735. Both assets posted modest 24‑hour gains—BTC up 0.68 % and ETH up 2.14 %—suggesting a gentle rebound after last year’s steep slide.
Despite the uptick, the fear‑greed index remains in the extreme‑fear zone at 21, reflecting a market still wary of sudden swings. This contrast between price movement and sentiment underscores that while the market is recovering, underlying caution persists—likely a carryover from the 50 % plunge Bitcoin endured earlier this year.
A key driver behind the recent uptick appears to be renewed inflows into cryptocurrency ETFs, coupled with the buzz around high‑profile holdings such as the Trump‑backed BTC stake. These factors have injected fresh liquidity and confidence, nudging prices upward. Yet, the market’s fear level suggests that any significant regulatory or macroeconomic shift could quickly reverse this momentum.
For retail traders, the next few days will be telling. Watch for any new ETF approvals or regulatory announcements that could either solidify the current gains or trigger a pullback. Keeping an eye on the fear‑greed gauge will also help gauge whether the market is truly warming or merely experiencing a temporary lift.