Bitcoin hovers around $90,000... Investor sentiment eases to 'fear'

Source: DecenterKorea Original Title: Bitcoin Stagnates at $90,000···Investor Sentiment Eases to 'Fear' [D.CE News] Original Link: https://www.decenter.kr/NewsView/2H1K82AUKY/GZ03

As of 8 AM on December 1st, Bitcoin(BTC) was traded at $91,202.71, up 0.39% from 24 hours ago on domestic cryptocurrency exchanges.

Bitcoin ( BTC ) is maintaining a sideways trend at around $90,000. The cryptocurrency investment sentiment, which had been in a state of 'extreme fear' for 18 consecutive days, has risen to the 'fear' phase.

According to a global cryptocurrency market monitoring site, as of 8 AM today, Bitcoin(BTC) was trading at $91,202.71, up 0.39% from 24 hours ago. Ethereum(ETH) also rose by 1.44% to $3,033.07. XRP(XRP) fell by 0.59% to $2.191, while Binance Coin(BNB) recorded an increase of 1.6% to $888. Solana(SOL) is trading at $137.75, up 1.35%.

The domestic market showed a similar trend. In domestic cryptocurrency exchanges, BTC recorded a rise of 0.29% from the previous day, reaching 136,377,000 won. ETH is trading at 4,535,000 won, up 1.3%, while XRP is trading at 3,279 won, down 0.46%.

As expectations for a rate cut in December grow, optimism dominates the outlook for BTC prices in the future. An industry analyst stated, “BTC has significant room for growth,” adding that “the current price does not reflect the improving global macro environment, and a strong rebound could occur following the sharp decline.”

The investment sentiment in cryptocurrency has shifted to a state of 'fear'. The fear and greed index from a cryptocurrency data analysis company is at 28 points. This index indicates that the closer it is to 0, the more the investment sentiment is repressed, while the closer it is to 100, the more it indicates market overheating.