Markets rebound but Bitcoin is still not out of the woods when it comes to sell-offs, analysis warns.
Bitcoin (BTC) showed signs of strength into the Wall Street open on Nov. 29 as macro markets shed some of last week’s fear.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrypto edges out of “extreme fear”Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD holding $57,000 as trading began Monday.Despite a weak start in Asia, U.S. markets were in the mood for making amends after Friday’s rout, the S&P 500 making up some of its 2.3% losses.Bitcoin joined the improved mood, overnight performance at one point topping 7% to see local highs of $58,300.Sentiment reflected the changes, with the Crypto Fear & Greed Index rising from 21/100 to 33/100 — “extreme fear” to “fear” — after hitting its lowest since September.Crypto Fear & Greed Index. Source: Alternative.me“The market
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