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 – 11%
- Bullish – 17%
- Neutral – 21%
- Bearish – 35%
- Very Bearish – 16%
Monday’s market sentiment is largely unchanged from Friday’s, with neutrality identical at 21%. Overall bullish sentiment is down from 29% to 28%. This is clearly defied by the performance of various altcoins such as Zcash (ZEC) and Kaspa (KAS). Overall bearish sentiment is up from 49% to 51%—another slight move. However, altcoins are moving more significantly into the green. It is reasonable to think that Bitcoin remains the dominating force regarding market sentiment.
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 to use alongside additional signals, technical analysis, and on-chain data.
Today’s Crypto Bubbles reveal a monster move for KAS, with nominal green moves for LINK, FIL, and PUMP. ADA continues to print daily green price action. ARB, as expected, is the day’s biggest loser. However, ARB has rallied incredibly high over the past week. JUP has also given up some of its recent gains. After such a heavy bear market for altcoins, profit-taking is an expected response from a desperate market.
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 remains at 50 despite strong moves from a handful of leading altcoins. However, indicators such as the Altcoin Season Index are models and offer estimates, not absolutes. Models also often lag or front-run live market prices. All 8 leading altcoins in the index are in positive territory over the past 90 days. However, BNB, XRP, AVAX, and DOT are still underperforming BTC. LINK and SOL continue to lead the charge against BTC, up 69% and 61.6%, respectively.
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 archive article is a 2022 post centered on the narrative of tokenization and real-world assets. The focus is Ravencoin, a PoS blockchain forked from Bitcoin and designed primarily for asset creation and tokenization. Enjoy reading: Ravencoin’s Unique Approach To Real-World Asset Tokenization!
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