Crypto Market Sentiment Rises Again, Bitcoin & Ethereum Both in Positive Zone

cryptonews.com:

Crypto market sentiment rose again last week, marking the third consecutive week of improved sentiment among crypto market participants. According to the market sentiment analysis service Omenics, the average 7-day sentiment score (sentscore) for 10 major cryptoassets reached as high as 5.41 today, up from 4.86 a week ago and 4.39 two weeks ago.

The coin with the strongest sentiment among the top 10 coins tracked by Omenics this week was bitcoin (BTC) with a 7-day average sentscore of 6.4. That is well within the zone defined as “somewhat positive” by Omenics, and is up from a score of 5.7 seen last week. The only other coin from the top 10 list that is in this zone is ethereum (ETH), with a sentscore of 6.1, up from 5.5 last week.

All other major coins in the list were in the “neutral” zone, the data from Omenics showed.

The coin with the largest drop in sentiment compared with last week was the stablecoin USD coin (USDC), which in fact was the only coin from the top 10 that saw a drop in sentiment. The coin fell from a sentscore of 4.9 last week to 4.5 as of today.

Sentiment change among the top 10 coins*:Interpreting the sentscore’s scale:- 0 to 2.5: very negative- 2 to 3.9: somewhat negative zone- 4 to 5.9: neutral zone- 6 to 7.49: somewhat positive zone- 7.5 to 10: very positive zone

The 24-hour sentscores of the 10 coins show that the sentiment surrounding BTC has become even stronger over the past day, with the sentscore rising to 6.5. ETH, however, was among the coins that had a lower sentscore today compared to for the week as a whole, coming in with a 24-hour sentscore of 5.9.

Among the other coins tracked, cardano (ADA) saw the most significant fall in sentiment over the past day compared to the week. For the past