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Cryptocurrency News Articles
Crypto Market Shows Signs of Life as Industry Finally Reaches the “Greed” Limit
Sep 25, 2024 at 03:39 pm
The crypto market showed signs of life on Tuesday after a sluggish start. After weeks, the industry has finally reached the “Greed” limit on the Fear & Greed Index.
After a slow start, the crypto market showed signs of life on Tuesday. The industry has finally reached the “Greed” limit on the Fear & Greed Index after several weeks.
The metric is placed at 59, indicating moderate Greed, as reported by Cointree. Top cryptos mirrored this trend, with Bitcoin gaining 1.73% value in 24 hours. Solana, Doge, and Cardano followed suit, notching up remarkable 24-hour growth among the cryptos.
Altcoins and memecoins also made their presence felt, with Sei, Bitcoin, and Dogwifhat showing promising gains to lure traders. Here's a quick snapshot of the crypto market, including the best cryptos to consider for your investment portfolio right now.
Bitcoin
The world’s largest cryptocurrency clocked a 1.73% gain on Tuesday to hit the 64K mark.
Its 7-day performance saw a 6.54% surge, with the crypto trading at $64,241. In a major market development, a prehistoric wallet was spotted moving BTCs mined back in 2009.
Its first major support is at $63,577, while its first major resistance is at $64,923. Given the stable movements, BTC is likely to trade within this window today.
Ethereum
Ethereum fell short of Bitcoin's pace, notching up a 0.17% dip. The coin, however, remained steady, clocking a 13.15% weekly gain.
ETH is currently trading at $2,622 and eyeing the $2,800 mark before the weekend. A major factor behind ETH's sluggish day was the US ETFs, which saw the largest 1-day outflows.
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