Despite recent price declines, the crypto market maintains a steady sentiment, with the fear and greed index reflecting greed at 63.
Market Sentiment
The Crypto Fear & Greed Index reported a greed score of 63 out of 100 on Wednesday, slipping one point from Tuesday. Meanwhile, Bitcoin's (BTC) price fell by 1.79%, reaching $105,560 after nearly touching $108,000 the day before.
Historical Performance Data of Bitcoin in Q3
Analysts speculate when Bitcoin might retest its all-time high of $111,970 reached on May 22. Some have noted that the third quarter, which began on July 1, is typically a weaker period for Bitcoin. Crypto trader Daan Crypto Trades remarked: 'From the historical data, this quarter is generally the slowest out of all for both $BTC and $ETH.'
Metrics for Bitcoin and Altcoins
Bitcoin closely matched its historical average performance during the second quarter, which ended June 30, posting a 31% gain at $108,383—approximately 4% above the average Q2 return since 2014. As of now, Bitcoin dominance is around 65.5%, up nearly 13% so far this year. The Altcoin Season index indicates a 'Bitcoin Season' score of 20 out of 100.
Despite price fluctuations, the crypto market continues to show resilient sentiment. Analyzing various metrics may help assess future trends in the market.
