Bitcoin (BTC) is moderating on Wednesday, trading near $86,000 as the crypto market broadly consolidates. Ethereum (ETH) mirrors BTC’s stable outlook, holding above $2,700. Ripple (XRP), meanwhile, edges higher for the sixth consecutive day, currently sitting above $1.61 as bulls tighten their grip.

The bullish outlook aligns with positive market sentiment, given the crypto Fear & Greed Index at 71, steady in the Greed territory on Wednesday, down slightly from 78 in the Extreme Greed region the day before. This setup shows that appetite for risk assets remains elevated and demand may reinforce the bullish outlook.

The latest CryptoQuant’s weekly on-chain report states that…