-3.46% Bitcoin (BTC) 88586.3 EUR
-7.93% Ethereum (ETH) 2098.88 EUR
-5.32% Litecoin (LTC) 73.03 EUR
-3.80% B-Cash (BCH) 340.69 EUR
-4.70% Ethereum (ETH) 0.0239572 BTC
-2.01% Litecoin (LTC) 0.00083325 BTC
-0.70% B-Cash (BCH) 0.00384406 BTC
-3.25% Bitcoin (BTC) 102485.3262 USDC
-0.21% USD Coin (USDC) 0.87 EUR
-7.36% Chainlink (LINK) 11.33 EUR
-3.61% Chainlink (LINK) 0.00012846 BTC
-9.74% Dogecoin (DOGE) 0.15 EUR
-6.62% Dogecoin (DOGE) 0.00000169 BTC
-7.44% Uniswap (UNI) 5.16 EUR
-3.65% Uniswap (UNI) 0.00005858 BTC
-6.88% Cardano (ADA) 0.54 EUR
-3.41% Cardano (ADA) 0.00000622 BTC
+1.54% Tron (TRX) 0.24 EUR
+5.28% Tron (TRX) 0.00000279 BTC
-6.70% Shiba Inu (SHIB) 0.00001057 EUR
-6.31% Zcash (ZEC) 41.65 EUR
0.00% Zcash (ZEC) 0.0004242 BTC
0.00% TradeFlow (TFLOW) 0.12216892 BUSD
-9.67% Arbitrum (ARB) 0.3232 USDC
-6.57% Chainlink (LINK) 12.9 USD
-7.40% Chainlink (LINK) 12.83029 USDC
-7.11% Uniswap (UNI) 5.866 USDC
-6.68% Ondo (ONDO) 0.67 EUR
-6.65% Ondo (ONDO) 0.77351 USDC
-7.28% Gala (GALA) 0.01 EUR
-6.76% Gala (GALA) 0.01531 USDC
-7.69% Wormhole Token (W) 0.06 EUR
-7.93% Wormhole Token (W) 0.0708 USDC
-6.52% Chiliz (CHZ) 0.03 EUR
-5.79% Chiliz (CHZ) 0.0366 USDC
-6.42% Sand (SAND) 0.22 EUR
-5.60% Sand (SAND) 0.2573 USDC
-9.56% Aave (AAVE) 210.01 EUR
-8.59% Aave (AAVE) 241.21 USDC
-5.18% Curve DAO (CRV) 0.53 EUR
-3.80% Curve DAO (CRV) 0.6116 USDC
-9.36% Immutable X (IMX) 0.43 EUR
-8.99% Immutable X (IMX) 0.4977 USDC
0.00% Skale (SKL) 0.07 USDC
-5.13% Beam (BEAM) 0 EUR
-5.64% Beam (BEAM) 0.00601 USDC
0.00% Axelar (AXL) 1.05 USDC
-21.95% Livepeer Token (LPT) 6.84 EUR
-21.76% Livepeer Token (LPT) 7.82 USDC
-5.99% Compound (COMP) 36.88 EUR
-3.66% Compound (COMP) 43.91 USDC
-4.98% Coti (COTI) 0.04 EUR
-5.03% Coti (COTI) 0.0566 USDC
0.00% Portal (PORTAL) 1.1 USDC
-7.11% Sushi (SUSHI) 0.56 EUR
-6.24% Sushi (SUSHI) 0.6496 USDC
-9.06% Pepe (PEPE) 0 EUR
-9.20% Pepe (PEPE) 0.00001134 USDC
-4.88% Optimism (OP) 0.54 EUR
0.00% Polygon (MATIC) 0.2 EUR
-5.51% Solana (SOL) 130.32 EUR
-2.99% Solana (SOL) 0.00145 BTC
-2.21% Solana (SOL) 0.058009 ETH
-0.14% USD Coin (USDC) 0.73 GBP
0.00% USD Coin (USDC) 1 USDT
0.00% USD Coin (USDC) 145.58 JPY

Bitcoin's longest 'extreme fear' streak finally breaks

07-20-2022

 

Bitcoin (BTC) on Tuesday finally escaped the “extreme fear” zone after a whopping 73 days, coinciding with a 19% weekly increase in Bitcoin (BTC) as bulls make their way back to the market.

 

The Crypto Fear and Greed Index increased from “extreme fear” to merely "fearful" on July 19, reaching a score of 30 out of 100. It has gained slightly since then to the current index score of 31.

 

The Index analyzes the current sentiment of the overall crypto market, scoring between 0 to 100. The index is based on mainly on Bitcoin market volatility, volume and dominance, social media sentiment, surveys and search trend data. On-chain metrics firm Santiment on Twitter noted that traders are “changing their tune” and are starting to look towards a long-term breakout of the cryptocurrency.

 

According to the firm, BTC’s average funding rate on exchanges has hit its highest levels in the last two months as BTC’s price rises above $23,600 — which could indicate a level of Fear of Missing Out (FOMO) is present.

 

Galaxy Digital CEO Mike Novogratz continues to tout optimism for the lead cryptocurrency, telling a Bloomberg conference on June 19 that he expects BTC to surge above $500,000 within the next 5 years.

 

“This is a story of two things — it is about adoption and global economics. And while this is a bump in the road in adoption, it is certainly not a U-turn”.

"We continue to see institutions […] that haven't gotten involved yet, who see this as an opportunity,” he added.

 

Novogratz also believes “the worst has happened” and “now we’re rebuilding with a couple good days in a row. He also noted that there is "a good story with Ethereum and the Merge, the global macro markets are at max bearishness.”

 

Source: Cointelegraph