Crypto Market Sentiment Remains Bearish Despite Price Rebounds

Despite the current bull run, the Crypto Fear & Greed Index continues to reflect extreme fear in the market.

The index analyzes emotion and sentiment in the crypto market by combining data points from social media, crypto volatility, and market momentum. As of now, it still sits at 'Extreme Fear', nearly unchanged for all of February.

Prediction markets show a shift towards optimism among traders, with odds swinging in favor of near-term price bumps for both Bitcoin and Ethereum.