Bitcoin (BTC) bounced backs to its 16-month-high on the Greed Index. Significantly, the optimistic BTC traders facilitated a 16% surge in the fear and greed index — from 55 to 64 — in the past 24 hours. After a short fall below $29K on April 30, BTC swung back in the range between $27,700 and $28,600. This wavering movement of the largest cryptocurrency in a near-consolidation zone faded the hype and trend. Amid the slow-moving BTC rally, the Bitcoin Ordinals and the new experimental token standard BRC-20 seemingly escalate in trend, especially on Crypto Twitter.
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