Bitcoin Price Surge Boosts Crypto Sentiment to 3-Month High

The cryptocurrency market has seen a significant boost in sentiment as Bitcoin's price approaches $80,000. According to data from Alternative.me, the Crypto Fear & Greed Index surged 14 points to 46 out of 100 on April 22, its biggest single-day jump since January.

This rally is largely driven by demand in perpetual futures markets, which has spiked while spot market demand has contracted. This divergence could potentially lead to a short-term correction if profit-taking accelerates amid waning spot interest.