Bitcoin Price Movement and Market Sentiment

Bitcoin Price Rebounds After Significant Dip

Bitcoin's price has experienced a quick recovery in U.S. markets on Friday morning, climbing back to approximately $84,000. This rebound comes after the cryptocurrency's sharp decline to around $78,000 during overnight trading.

Despite this recovery, Bitcoin remains over 15% down compared to its value just a week ago.

Market Sentiment Shifts

The Crypto Fear & Greed Index hit a low of 10 overnight, a level reminiscent of the 2022 bear market lows. However, it has slightly improved to 16, indicating persistent "extreme fear" in market sentiment. Just a week ago, the index was at 55, categorized in the "greed" range.

In the index, readings above 75 signal "extreme greed," a level not seen since around the time of President Trump's inauguration.