Fear & Greed Index Rises to 66, Cautions Growing “Greed” Among Investors and Traders

Bitcoin ETFs recorded $140.64 million worth of inflows on 21st January. Solana outshines bluechip altcoins with an 8.46% surge, trading at $256.31.

Cryptocurrency prices displayed a mixed trend on Saturday morning, as the global crypto business market cap rose 3.49% to $3.64 trillion, while 24-hour trading volume fell 37.40% to $196.58 billion. The Fear & Greed Index ticked up to a “Greed” score of 66, cautioning marketers of further moves.

Bitcoin Price Drops Despite Strong ETF Inflows

Bitcoin price slipped 3.69% in the last 24 hours to $105,616.24 despite notable ETF inflows totaling $140.64 million, excluding BlackRock’s numbers. BTC continued to dominate with a market cap of $2.09 trillion, showing resilience in a volatile market. Bitcoin’s 24-hour high reached $107,180.92 before facing a modest pullback to current levels.

Check out our Bitcoin Price Prediction for a detailed analysis of BTC’s potential trajectory.

Solana Outshines Bluechip Altcoins with 8.46% Surge

Solana led the altcoin surge, zooming 8.46% to $256.31, marking its strongest daily gain in weeks. Among bluechip altcoins, Ethereum also performed well, climbing 3.10% to $3,323.95, while XRP saw a 3.09% uptick to trade at $3.17.

Read our Ethereum Price Prediction to understand ETH’s future movements.

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FAQs

Today’s Fear & Greed number is 66, indicating “Greed” in the market.

AI16Z posted the highest gains, soaring 42.02% to $1.22.

Ethereum’s price increased by 3.10% in the past 24 hours to $3,323.95.