Bitcoin (BTC) is trading near $80,000 at the time of writing on Monday, after pulling back from a three-month high at $80,635. The crypto market is generally bullish, with major altcoins such as Ethereum (ETH) and Ripple (XRP) posting modest daily gains.

Strengthening market sentiment is driving a more bullish outlook, as evidenced by increased capital inflows into digital asset investment products.

Bitcoin rebounds amid easing selling pressure

Crypto market sentiment edges higher, with the Fear & Greed Index holding at 47 as of writing on Monday, up sharply from 29 the previous day. While the index remains in the fear zone, this level represents a substantial increase from last month’s average of 11, which is extreme fear territory.

A…