Last week, Bitcoin (BTC) surpassed the $93,000 mark, setting a new record high. This surge in price coincided with a significant increase in inflows into U.S.-listed spot ETFs and crypto stocks. As a result, JPMorgan’s retail sentiment score for Bitcoin reached an all-time high of 4.
The retail sentiment score is a metric developed by JPMorgan to assess the sentiment of retail investors towards cryptocurrencies, with a focus on Bitcoin. The score is based on the activity in various Bitcoin products, including spot ETFs.
This latest milestone in Bitcoin’s price and retail sentiment indicates a growing interest and confidence among retail investors in the cryptocurrency market. As Bitcoin continues to gain mainstream acceptance and adoption, its price and sentiment are likely to remain key indicators of market trends.
