Recently, the bullish sentiment surrounding Bitcoin has gained momentum as Binance’s trading platform shows that buyers are dominating trading volumes. The Binance Taker Buy Sell Ratio indicates a shift to neutral territory with a current ratio of 1.008.
Bitcoin is trading at 83,810 USD, representing a decline of 1.47% in the past week. Despite this drop, Bitcoin’s dominance has risen to 63.81%, outperforming many altcoins, although overall market sentiment remains in ‘Fear’ at 29 out of 100 according to the Crypto Fear & Greed Index.
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