​​Crypto Market Sentiment Improves, Bitcoin & Ethereum Enter P | BTC Trunk

​​Crypto Market Sentiment Improves, Bitcoin & Ethereum Enter Positive Zone

The sentiment in the crypto market has improved from last week, although it still remains in the zone considered “neutral” by the market sentiment analysis service Omenics.

The 7-day moving average of the sentscore for ten major cryptoassets tracked by Omenics this week stood at 5.16, up from 4.85 last Monday. The increase in the average comes as a result of an improvement in the sentiment of nearly all of the coins tracked, with bitcoin (BTC) and ethereum (ETH) both moving from neutral to positive territory.

The overview of market sentiment this week shows that binance coin (BNB) is the only one out of the top 10 coins tracked by Omenics that has seen a worsening (insignificant, however) of its sentiment over the past week. Binance’s exchange token slipped from a sentscore of 5.2 last Monday to 5.1 today, the data showed.

All other coins had a higher sentscore today compared to last Monday, according to Omenics’ calculations.

The 24-hour view shows an even stronger average sentscore than the weekly view, indicating that the market is becoming increasingly bullish on these ten major cryptoassets. The average sentscore for the past 24 hours stood at 5.72, compared to a weekly average of 5.16.

Taking a broader look to cover all of the 35 coins tracked by Omenics reveals that sentiment currently seems to be favoring the cryptoassets with the largest market capitalizations. This is evident by the fact that BTC and ETH were the only two coins with a 7-day sentscore above 6, while a relatively high proportion of the smaller-capitalization coins had sentscores of between 4 and 5.