Crypto Market Snapshot: Prices, Fear & Greed, Market Sentiment, Dominance & Key Trends
Sapphire Crypto publishes a daily crypto market update (Monday–Friday) 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 – 14%
- Bullish – 19%
- Neutral – 18%
- Bearish – 37%
- Very Bearish – 12%
Market sentiment for 2 September appears to be dancing around yesterday’s levels. Overall bullish sentiment has shifted slightly from 26% to 33%. Neutral territory remains unchanged at 18%, showing the market is slightly more bullish than yesterday. The overall bearish sentiment has dropped from 56% to 49%. However, even with the drop, the market is more heavily weighted towards the bearish side of the scale. Essentially, the market remains somewhat indecisive regarding a definitive move.
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’s Crypto Bubbles show BTW clawing back from yesterday’s losses and is up 12% for the day. FIL is up 10%, a nice move for the DePIN play. NEAR and TRUMP are up today, while DASH is down 8%.
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 appears to be stuck at the 38 mark. However, leading altcoins are beginning to show very positive signs against BTC. As usual, SOL, LINK, and ETH are leading the charge. A significant shift adjustment is ADA, which is currently outperforming BTC by 9.2%. AVAX remains largely unchanged. However, DOT seems to be regaining ground. After being down 30% against BTC about a week ago, the altcoin is now down 18% against BTC. Once again, the stronger keep getting stronger.
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 addressing altcoin investing from 2021. The article covers key principles and practices for investing in altcoins. Altcoins, especially micro-caps, can be a very dangerous environment, even with the right tools. Enjoy reading Is Altcoin Investing Worth It? The Facts About Altcoin Investing Most People Miss!
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