Fun

Crypto Fear & Greed Index jumps back into greed territory

News Feed - 2024-09-28 04:09:27

Stephen Katte17 hours agoCrypto Fear & Greed Index jumps back into greed territoryMost of August was spent in “Fear” on the Crypto Fear & Greed Index, with sentiment hitting a yearly low of 17 on Aug. 6.3417 Total views9 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onThe Crypto Fear & Greed Index has reached its highest point since July, spending two consecutive days above a score of 60. 


The index’s Sept. 28 update showed a score of 64, placing it within the “Greed” territory as the Bitcoin (BTC) price briefly touched the $66,000 mark, according to CoinMarketCap.


The Crypto Fear & Greed Index was created to numerically represent current “emotions and sentiments” toward Bitcoin and the broader crypto market. The highest score is 100, and the lowest is 0. The Index’s score of 64 as shown on Sept. 28. Source: alternative.me


Much of August was spent in “Fear,” with the lowest score of 2024, 17, hit on Aug. 6 when the price of Bitcoin was around $53,000. 


The last time the index recorded a score above 64 was on July 30, when the Bitcoin price was around $66,000. 


The Crypto Fear & Greed Index is calculated based on signals that impact traders’ and investors’ behavior, including Google Trends, surveys, market momentum, market dominance, social media and market volatility.


According to the Crypto Fear & Greed Index data sources page, the index score is based on 25% market volatility, 25% market momentum and 15% social media trends and other indicators.


Related:Bitcoin has ‘familiar bullish smell’ as BTC price hits $66K — Analyst


Analyst and head of research at 10x Research Markus Thielen said in a Sept. 27 report that there could be a fourth-quarter crypto rally because Bitcoin’s return above the $65,000 price level could create fear of missing out, or FOMO, in the market. 


According to CoinMarketCap data, Bitcoin has recorded gains of around 11.18% over the past month, the highest since March.  


Meanwhile, Charles Edwards, founder and CEO of investment firm Capriole, predicted significant inflows as traders leave gold and other stocks. 


“The capital flows back into Bitcoin from gold and stocks over the next 6 months will be relentless,” Edwards said in a Sept. 27 X post. Source:Charles Edwards 


Asset management giant VanEck hasranked Bitcoin as the top-performing asset of 2024, far outpacing traditional assets, with spot BTC prices experiencing a 124% surge in the last 12 months. 


However, the asset manager also noted a recent downturn has investors “spooked.” 


Magazine:Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express# Bitcoin# Cryptocurrencies# DeFiAdd reaction

News Feed

Savannah Fortis11 hours agoDisney creates an AI task force to explore the tech and cut costs: ReportDisney has reportedly created a task force for studying how it can incorporate AI into its operations, sources close to
Binance finalizes sale of majority stake in Gopax: Report
Helen PartzJul 11, 2024Binance finalizes sale of majority stake in Gopax: ReportBinance is preparing to reduce its 72.6% stake in the Gopax exchange to as low as 10%, according to local sources.749 Total views2 Total sha
JPMorgan Reportedly Terminates Relationship With Kanye West, Rap Star Says He’s Happy to Speak Openly About Being ‘Canceled by a Bank’
JPMorgan Reportedly Terminates Relationship With Kanye West, Rap Star Says He"s Happy to Speak Openly About Being "Canceled by a Bank" On October 12, the conservative influencer an
Price analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Rakesh Upadhyay5 hours agoPrice analysis 4/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?2004 Total v
Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown
Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such a
Wallstreetbets Founder Jaime Rogozinski and Wsbdapp Project Launch 15,000 Generative NFTs
Wallstreetbets Founder Jaime Rogozinski and Wsbdapp Project Launch 15,000 Generative NFTs On September 22, the team behind the Wallstreetbets defi application called Wsbdapp announ
Bahamas-Based Deltec Bank Holds a ‘Large’ Bitcoin Position
Bahamas-Based Deltec Bank Holds a "Large" Bitcoin Position Bahamas-based Deltec Bank & Trust said during a recent video review that it’s holding a “l
Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 Terahash
Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 TerahashCompetition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese
Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each
Este artículo también está disponible en español. Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distribut
Crypto Industry Welcomes Biden’s Executive Order — Expert Says ‘It’s About as Good as We Could Ask’
Crypto Industry Welcomes Biden"s Executive Order — Expert Says "It"s About as Good as We Could Ask" Many people in the crypto industry welcome President Joe Biden’s execut
Prosecutor demands jail for Crypto.com user who received $6.8M by mistake
Ciaran Lyons1 hour agoProsecutor demands jail for Crypto.com user who received $6.8M by mistakeAustralian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millio
China Central Bank Official: Digital Yuan Should Have ‘Controllable Anonymity’
China’s proposed new stablecoin project should strike a balance between protecting privacy and regulatory enforcement, China’s Digital Currency Research Institute said Tuesday.