{"id":588389,"date":"2026-04-23T07:24:56","date_gmt":"2026-04-23T07:24:56","guid":{"rendered":"https:\/\/Blockchain.News\/news\/crypto-sentiment-3-month-high-btc"},"modified":"2026-04-23T07:24:56","modified_gmt":"2026-04-23T07:24:56","slug":"crypto-sentiment-hits-3-month-high-as-bitcoin-btc-nears-80k","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/23\/crypto-sentiment-hits-3-month-high-as-bitcoin-btc-nears-80k\/","title":{"rendered":"Crypto Sentiment Hits 3-Month High as Bitcoin (BTC) Nears $80K"},"content":{"rendered":"
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Terrill Dicki<\/a> Apr 23, 2026 07:24<\/span> <\/p>\n

Bitcoin’s rally toward $80K boosts crypto sentiment to highest level since January, fueled by demand in perpetual futures markets.<\/p>\n

\"Crypto <\/a> <\/figure>\n

The Crypto<\/a> Fear & Greed Index, a popular sentiment indicator, surged to its highest level in over three months on April 22 after Bitcoin<\/a> (BTC) rallied nearly 6% to approach the $80,000 mark. The index climbed 14 points to 46 out of 100, its biggest single-day jump since January, according to data from Alternative.me.<\/p>\n

Bitcoin\u2019s price rise\u2014up 5.9% to $79,400 during Wednesday\u2019s trading session before cooling slightly to $78,609 on Thursday\u2014has reignited optimism in a market that has struggled with subdued sentiment for months. The index, which had languished in “Fear” territory since January 18, hit an all-time low of 5 in February following global market turmoil triggered by U.S. tariff announcements.<\/p>\n

What\u2019s driving Bitcoin\u2019s rally?<\/strong><\/p>\n

Perpetual futures markets appear to be the key driver behind Bitcoin\u2019s recent surge, according to CryptoQuant\u2019s head of research, Julio Moreno. In a post on X, Moreno noted that demand in futures contracts has spiked, while spot market demand has been gradually contracting. This divergence could signal a short-term correction if profit-taking accelerates amid waning spot interest.<\/p>\n

Additionally, over 300,000 Bitcoin have reportedly moved into long-term holder wallets over the past 30 days, suggesting a consolidation of supply among more resilient investors. Strategy, a major corporate Bitcoin holder, contributed significantly to this trend, acquiring 53,000 BTC in the same period, according to CryptoQuant.<\/p>\n

Geopolitical and macroeconomic tailwinds<\/strong><\/p>\n

Bitcoin\u2019s rally coincides with broader macroeconomic developments, including a temporary extension of the U.S.-Iran ceasefire agreement and reports of a U.S. Treasury buyback plan. Both events have likely eased market uncertainty, prompting a flight to risk-on assets like cryptocurrencies.<\/p>\n

While Bitcoin\u2019s price currently sits below its October 2025 all-time high of $126,000, its market cap remains robust at $1.57 trillion, with a circulating supply of over 20 million BTC as of April 23. Institutional interest also continues to grow, with Wall Street firms steadily ramping up crypto adoption despite regulatory headwinds.<\/p>\n

Cautious optimism ahead<\/strong><\/p>\n

Although the Crypto Fear & Greed Index indicates improving sentiment, it remains in the “Fear” zone, reflecting lingering concerns about market stability. Retail participation, a critical component of past bull runs, has yet to reach previous cycle levels, a point echoed by Bitwise CIO Matt Hougan in recent remarks.<\/p>\n

Traders should watch for signs of increased volatility, particularly if spot demand continues to contract or geopolitical uncertainties reemerge. For now, Bitcoin\u2019s approach to the psychological $80,000 threshold marks a key test for market momentum.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Terrill Dicki Apr 23, 2026 07:24 Bitcoin’s rally toward $80K boosts crypto sentiment to highest level since January, fueled by demand in perpetual futures markets. The Crypto Fear & Greed Index, a popular sentiment indicator, surged to its highest level in over three months on April 22 after Bitcoin (BTC) rallied nearly 6% to approach […]<\/p>\n","protected":false},"author":1,"featured_media":588390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,12],"tags":[31,24882,24881,25],"class_list":{"0":"post-588389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-blockchain","9":"tag-bitcoin","10":"tag-crypto-feargreed-index","11":"tag-crypto-sentiment","12":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/588389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=588389"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/588389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/588390"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=588389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=588389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=588389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}