Category: Cryptocurrency News

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With the global economy looking gloomy and financial trade more restricted than ever before in history, government-mandated prices are seemingly coming back with a vengeance. Europe is suffering from significant financial hardships stemming from the Ukraine-Russia war, and just recently the Kremlin disrupted the European Union’s main gas supplies. Now members of the European Commission […]

This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app. This distribution is based on karma earned from 2022-08-03 to 2022-08-30. Here is the finalized list, with…
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BTC bulls have a chance to profit from this week’s $410 million options expiry, but the factors pulling down equities markets reduce the chance of Bitcoin changing its trend.

Data shows the crypto market has once again sunk back down into a state of extreme fear after showing some signs of improvement during the last couple of months. Crypto Fear And Greed Index Says Market Is Extremely Fearful Right Now As per the latest weekly report from Arcane Research, the market has now observed fearful sentiment for five months without a break. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for displaying this sentiment. All values above 50 signify that investors are greedy right now, while those below the threshold suggest a fearful market. End range values of more than 75 and less than 25 represent sentiments of “extreme greed” and “extreme fear,” respectively. Historically, tops in coins like Bitcoin have formed while the investors have gone through extreme greed, while bottoms have taken place in periods with extreme fear. Related Reading: Bitcoin Diamond Hands: Long-Term Holder Supply Surges Up To Near ATH Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: Looks like the value of the metric has gone down in recent days | Source: Arcane Research’s The Weekly Update – Week 35, 2022 As you can see in the above graph, the crypto fear and greed index had been recovering during July and August, after the market had earlier been under a long spell of extreme fear. The indicator almost reached greed values during this optimism buildup, but as the latest rally in Bitcoin died down, so did the investor mentality. Related Reading: Bitcoin And Ethereum Are Web3 Market Innovators, Could GryffinDAO Be Taking DAO To An Unnoticed & Undervalued Market? The sentiment quickly fell back deep into fear, and the decline has continued now, taking the value of the index to just 22. This means that the sector is now once again experiencing extreme fear. The report notes that the sentiment has remained in the fearful region since April now, making it a run of five straight months of fear. Since the fear and greed index was conceived back in February 2018, this stretch of fear has been the longest such run. BTC Price At the time of writing, Bitcoin’s price floats around $18.7k, down 8% in the last seven days. Over the past month, the crypto has lost 18% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have plunged down below the $19k mark for the first time in more than two months | Source: BTCUSD on TradingView Featured image from Hans-Jurgen Mager on Unsplash.com, charts from TradingView.com, Arcane Research

NFT trading platform OpenSea announced that it will not be supporting any forked NFTs that may show up after the Ethereum Merge.