Crypto Market Snapshot: Prices, Fear & Greed, Market Sentiment, Dominance & Key Trends
Sapphire Crypto publishes a daily crypto market update highlighting the key metrics and data points you need to stay in touch with the market. Subscribe to have the daily update delivered to your inbox, along with additional insights and cryptocurrency-related articles. The snapshot provides a quick, convenient way to assess changing market conditions without visiting multiple platforms.
The Market Watch gives you all-in-one access to live prices, the Fear & Greed Index, Crypto Bubbles, the Altcoin Season Index, the latest news articles, and other sentiment-related data. All of your favorite crypto metrics in one place! Each edition also includes an article of the day from the Sapphire Crypto archive. Whether you’re an investor or trader, the Market Watch is designed to provide a concise overview of the crypto market in just a few minutes.
As always, we begin with market sentiment: are market participants bullish or bearish? CoinGlass, a cryptocurrency market data and analytics platform, provides the following sentiment data. To create a free account, visit the official CoinGlass website. Experienced traders and market participants can upgrade to a paid membership for access to additional tools and data.
- Very Bullish – 11%
- Bullish – 15%
- Neutral – 21%
- Bearish – 37%
- Very Bearish – 16%
Yesterday’s market sentiment was more bearish than the previous day, and we are seeing the same pattern again today. The market continues to edge deeper into bearish territory. The daily moves might not seem significant. However, they are compounding. Cumulative bearish sentiment is 53%, while cumulative bullish sentiment is only 26%. The difference is comprised of neutral market sentiment. The bears are pushing for a correction after the recent rally.
The Fear & Greed index measures the emotional state and mood of cryptocurrency investors. Historically, extreme fear is an attractive level to buy, while extreme greed is often a good level to sell and realize profits. However, the index should never be interpreted in isolation, as it is not an absolute mathematical law, but a signal that should be used alongside additional signals, technical analysis, and on-chain data.
Crypto Bubbles reveal the largest movers of the day, or any specified period. For our purposes, the tool is set to daily. However, you can select alternative timeframes to gather more extensive data. Click on a bubble to reveal additional data such as trading volume, market cap, rank, and supported exchanges. Today, RAIN is up a whopping 20%, and ZRO continues to print daily gains. INJ has unfortunately erased previous gains, showing how desperate traders and investors are to lock in any gains this market produces.
The Altcoin Season Index measures leading altcoins against Bitcoin over a rolling 90-day period. The index ranges from 0 to 100. Regarding individual altcoins, a higher positive reading indicates that market consensus is moving beyond Bitcoin. A negative reading reveals that Bitcoin is dominating the broader crypto market. The Altcoin Season Index is one of the more interesting metrics, as strength against BTC over 90 days is a data point worth considering seriously.
The Altcoin Season Index is at 63 today, and little has changed regarding individual coins. Because it measures a 90-day rolling period, explosive moves are required to shift individual rankings. LINK continues to dominate while DOT continues to underperform. ETH and SOL are also performing relatively well compared with Bitcoin.
The crypto industry moves and adapts incredibly fast. Stay up to date with the latest developments, news releases, and crypto-related articles shaping the market.
Today’s article of the day from the archive is an article about SocialFi, specifically Noise.cash. The article covers the once-popular platform and the alternatives available in today’s market for crypto enthusiasts to earn crypto through content creation and social interaction. Enjoy reading BCH Social Media Platforms: Earn Crypto By Posting Content!
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