Though it can be tricky to interpret exactly what is the market sentiment in crypto, I think it is very interesting to find that major news outlets like CNN and Independent have swung the content in their articles about crypto from a month ago being about crypto flash crashes every time we dropped 5-10%, to now reporting how crypto is now reporting how bitcoin/crypto is entering a new bull run, how Ethereum may flip Bitcoin, and how gold crashes as bitcoin price soars.
Given the latest development in the market this is of course not that surprising, but all I am saying is that this change in major news outlets reporting could easily trigger a major FOMO buying event (if it has not already begun) - especially from people not yet invested in crypto who now reads these bullish news in the mainstream media.
This rapid change in sentiment is also mirrored in the change in estimated market sentiment on the fear and greed index - a month ago being 'Extreme Fear' to now being 'Greedy' (Image below).
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