The Bitcoin Fear & Greed Index has experienced a significant jump after the recovery of Bitcoin's price above $81,000.
The current Fear & Greed Index value is 39, indicating a sentiment of fear among investors, but it has improved from the extreme fear level of 18 observed recently.
The recovery in the market mood can be attributed to the US President Donald Trump pausing the tariffs, leading to some price recovery in Bitcoin and other cryptocurrencies.
Bullish sentiment on social media has also increased following the tariff pause news, with positive comments surpassing negative comments for Bitcoin and Ethereum.