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Signs of a new crypto bull market are emerging across the market as the sector has been recovering since August, led by Bitcoin’s sharp rally, according to AMBCrypto. The outlet said the Crypto Fear & Greed Index rose to 59 this week from 45 last week, moving into greed territory and showing a clear improvement. It added that spot Bitcoin ETFs saw $999 million in net inflows in one day, while spot Ethereum ETFs drew about $270 million, and that BTC has also moved above a key long-term moving average for the first time in around 300 days on technical charts.
According to CoinMarketCap, BTC was trading at $86,219.42, down 0.45%.