Cryptocurrency Market Witnesses Greed Levels Not Seen Since July

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Crypto greed index skyrockets as Bitcoin price rallies toward new all-time high, but what's next?

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

For comparison, three days ago, on Oct. 11, the index value was equal to 32 and almost signaled extreme fear. Three days later, this value is more than 128% higher and is already approaching levels that signal extreme greed. managed to grow by more than 7.5% and reached the $68,000 mark.

As usual, this move was accompanied by noisy news headlines, both bullish and bearish. It was also accompanied by regulatory twists and turns, as well as what was happening in the U.S. political arena ahead of the November elections. Either way, what seemed like an uncertain storm amid a series of red and green candles and general fear drove Bitcoin to its highest price for a major cryptocurrency since late July. That is where the switch to greed came in.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Grayscale Makes Biggest Crypto ETF Push With XRP in Focus

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 295. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bitcoin Price Makes Crucial Breakout, While Fear Enters Cryptocurrency MarketBitcoin reclaims $60,000, but fear still reigns supreme on market - What's next for major cryptocurrency?
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

$1 Billion Bitcoin Mystery Stuns Cryptocurrency Market: What's Happened?Mysterious billion-dollar Bitcoin transfers linked to Fidelity Custody hint at potential surge in demand for cryptocurrency
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Nakamoto Speaks: Dogecoin Creator Reacts to Crypto Market BloodbathDogecoin (DOGE) creator provides epic cryptocurrency market comment
Källa: Utoday_en - 🏆 295. / 63 Läs mer »