Bitcoin and Ethereum Rally as Social Sentiment Improves

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Bitcoin’s market sentiment hits a six-week high, with Ethereum following suit.

Bitcoin has made a comeback over the past week, rising by 5%. Although investors continue to proceed with caution, new data revealed that bullish sentiment is at its strongest level in six weeks.

This shift came as the crypto asset soared to $88,500 where its rally was stopped.

According to the latest analysis shared by Santiment, the week started on a positive note for the crypto market, with Bitcoin reaching $88,500 for the first time in 17 days. Ethereum also saw a surge as it surpassed $2,100 for the first time in 14 days.

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