As measured by the Crypto Fear & Greed Index, Bitcoin's market sentiment has surged to a level not seen since November 2021. It is currently standing at 72 out of 100, indicating "greed." This indicates a remarkable increase from its "neutral" score of 50 on October 18 and a six-point rise from October 24. The zeal in the market follows speculation that BlackRock's spot Bitcoin exchange-traded fund (ETF) could gain consent from the US SEC. Bitcoin experienced a significant 14% daily gain, briefly crossing the $35,000 threshold. This renewed hope has sparked predictions of a potential 74%+ Bitcoin price increase in the first year post-ETF consent.
