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Crypto greed index taps 7-month high as Bitcoin surges past $81K

Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.

The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and other cryptocurrencies, hit its highest level of “greed” in nearly seven months on Nov. 10 as Bitcoin crossed $81,000.

The index notched a score of 78 out of 100 — in the “Extreme Greed” zone, the highest it’s been since April 12 — when Bitcoin was trading around $70,000 and the 2024 halving event was fast approaching.

Crypto Fear & Greed Index score. Source: Alternative.me

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Can liquid staking tokens depeg due to market volatility?

Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.

The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols.

Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications.

However, liquid staking tokens (LSTs) could temporarily lose their price peg to Ether (ETH), according to Carlos Mercado, a data scientist at Flipside Crypto research firm.

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Crypto Fear & Greed Index Jumps Back into Greed Territory

August had an average rating of "Fear" on the Crypto Fear and Greed Index, hitting a yearly low of 17 on Aug. 6. 

The Crypto Fear and 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 and Greed Index was created to numerically represent the current “emotions and sentiments” toward Bitcoin and the crypto market. The highest score is 100, and the lowest is 0. 

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Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Bitcoin Reaches $65K — Market Braces for Major Options Expiry

Bitcoin Reaches K — Market Braces for Major Options ExpiryAt 11:40 a.m. EDT on Thursday, bitcoin (BTC) surpassed the $65,000 mark. After the latest climb, the current trading price per BTC stands at $65,430 per coin. Bitcoin Peaks Above $65K Bitcoin (BTC) has enjoyed a rise today, reaching $65,499 during the morning trading hours. Of the day’s total crypto trade volume of $95.27 billion, […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Hamster Kombat’s Wild Start: HMSTR’s 30% Drop Rocks Market Debut

Hamster Kombat’s Wild Start: HMSTR’s 30% Drop Rocks Market DebutAccording to recent market data, the freshly minted hamster kombat (HMSTR) token has made its debut on several top-tier exchanges, only to tumble 30% in value within the last 24 hours. Hamster Kombat Token Drops 30% Amid First Day of Major Trading The token, tied to the blockchain game Hamster Kombat on the TON network […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble

Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks WobbleBitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility

Recession Concerns Ignite Amid US Economic Slowdown and Market VolatilityIn recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of an economic downturn. Social Media Buzzes […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance LevelsOn September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

Bitcoin Slides Below K as Market Plunge Wipes Out 8MAfter lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain

Bitcoin Investors Face Diverging Fortunes as Long-Term Holders Stay Steady, Glassnode Reveals

Bitcoin Investors Face Diverging Fortunes as Long-Term Holders Stay Steady, Glassnode RevealsBitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s […]

Avara’s Lens secures $31M for SocialFi-focused L2 blockchain