Crypto Fear & Greed Index

Bitcoin sentiment index drops to ‘fear’ — its lowest score in 18 months

June 25, 2024 Coin Telegraph

The weakened market sentiment comes amid fears of a potential $8.5 billion market dump by Mt. Gox and recent mass outflows from United States spot Bitcoin ETFs.

The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin (BTC) and the broader cryptocurrency industry, has tanked to its lowest score in nearly 18 months.

The index fell 21 points on June 24, reaching into the “Fear” zone — marking one of the biggest day-to-day drops in recent years.

It was last in the Fear zone (a score between 24 and 50) around seven weeks ago, May 3, but it hasn’t hit a score below 30 since Jan. 11, 2023, when Bitcoin was trading at $17,200 only two months after the collapse of crypto exchange FTX.

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Bitcoin will protect the wealth that AI creates: Pompliano

June 25, 2024 Coin Telegraph

AI Machines

AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says.

Bitcoin (BTC) will be the preferred asset to secure wealth created from AI over the next decade, says Bitcoin bull and venture capitalist Anthony Pompliano.

“We are going into this automated world where AI is going to create enormous amounts of wealth, and Bitcoin is going to protect that wealth,” the Pomp Investments founder explained to CNBC in a June 24 interview.

Pompliano dismissed the idea that AI has come in and replaced Bitcoin and the broader cryptocurrency industry as the new hot tech trend, explaining that the two technologies will instead work in tandem over the next 10-years.

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Dormant Bitcoin wallet moves $536M after over 5-year hiatus

June 11, 2024 Coin Telegraph

Dormant Bitcoin wallet moves 6M after over 5-year hiatus

Bitcoin Wallet Address

The Bitcoin whale didn’t even send test transactions before moving their 8,000 Bitcoin.

A Bitcoin whale has transferred 8,000 Bitcoin (BTC) worth $536.5 million from a Coinbase cold storage wallet after five and a half years of dormancy.

Bitcoin address “1ABww1…mCSKq” received the entire 8,000 BTC stash at block 847,490 on June 11, 1:26 pm UTC, according to blockchain analytics firm Arkham Intelligence.

That wallet then transferred all the Bitcoin to the Binance deposit address “15u4H…rMsLa” exactly one block and 11 minutes later, Arkham data shows. No test transactions were made prior to the two transfers.

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Bitcoin would need to hit $93K to flip Silver right now

May 20, 2024 Coin Telegraph

Bitcoin would need to hit K to flip Silver right now

Amazon

Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago.

Silver has staged an impressive comeback against Bitcoin (BTC) this year, surpassing the cryptocurrency as the 8th largest asset by market cap after losing its position in March.

The world’s second most valuable metal has rallied 33.4% since Bitcoin reached a record $73,737 on March 14, while Bitcoin has retraced 9.5%, according to CoinGecko.

As a result, Silver’s market cap of $1.83 trillion is now $500 billion more than Bitcoin’s, which is currently at $1.31 trillion, according to Companies Market Cap — meaning Bitcoin would need to rally 40% to $93,000 to flip Silver’s current market cap (if all else remains equal.)

Crypto Fear &amp; Greed Index

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