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 – 10%
- Bullish – 16%
- Neutral – 22%
- Bearish – 34%
- Very Bearish – 18%
Today’s market sentiment looks very similar to yesterday’s, with neutrality increasing from 20% to 22%. Overall bullish sentiment remains relatively unchanged, decreasing from 31% to 26% collectively. Overall bearish sentiment has also increased modestly from 49% to 52%. Essentially, the market remains in a similar position regarding general sentiment for the past few days. A more significant shift is likely close, especially as we enter the weekend.
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, TRUMP, ENA, and KAS are among the biggest movers. XMR is also showing strength relative to the broader altcoin market. BCH, PUMP, and PENGU are unfortunately showing negative returns.
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. Another coin performing well recently, though not displayed, is DGB!
The Altcoin Season Index is at 38 today, a substantial shift from yesterday’s reading of 50. However, leading altcoins like LINK, SOL, and ETH are still seriously outperforming Bitcoin. The broader altcoin market, however, is losing ground against BTC. Once again, the evidence of the strong getting stronger is clearly displayed in the data. DOT continues to struggle against BTC. However, the freefall has appeared to have paused for now.
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 I published way back in 2021 about avoiding micro-cap risks. This is a particularly dangerous niche and one that requires as much data, research, and assistance as possible. Enjoy reading How To Avoid Micro-Cap Crypto Risks!
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