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06/17 14:36Bullish

Bitcoin, Ethereum, XRP Drop Up To 3%, But Data Say

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Bitcoin, Ethereum, XRP Drop Up To 3%, But Data Says Sentiment Is 'Healthy' Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) sentiment is improving after the U.S.-Iran agreement eased geopolitical fears, though traders remain cautious after months of volatility. Santiment Intelligence said on X on June 17 that sentiment across crypto's three largest communities has moved out of recent fear zones following the reduction in geopolitical uncertainty. The crypto intelligence platform said bullish-to-bearish commentary now stands at 1.52 bullish posts for every bearish post on BTC, 1.40 for ETH and 1.65 for XRP. These readings are termed "healthy" noting that optimism has improved compared with the beginning of June. The firm said investors are becoming more comfortable taking on risk as prices stabilize across equities, commodities and cryptocurrencies. Santiment noted that none of the major crypto assets are showing signs of excessive greed. Retail traders remain cautious after months of volatility, regulatory uncertainty and geopolitical tension. That could be constructive for bulls. "The crowd is becoming more optimistic, but not enough to suggest widespread FOMO," Santiment noted.
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