|All Time High:|
|Market Cap: |
|The price of #INDEX today is $1.87 USD.|
The lowest INDEX price for this period was $0, the highest was $1.87, and the exact current price of one INDEX crypto coin is $1.86743.
The all-time high INDEX coin price was $65.14.
Use our custom price calculator to see the hypothetical price of INDEX with market cap of BTC or other crypto coins.
|The code for Index Cooperative crypto currency is #INDEX. |
Index Cooperative is 3.2 years old.
|The current market capitalization for Index Cooperative is $13,542,795.|
Index Cooperative is ranking upwards to #545, by market cap (and other factors).
|The trading volume is medium today for #INDEX.|
Today's 24-hour trading volume across all exchanges for Index Cooperative is $473,422.
|The circulating supply of INDEX is 7,252,102 coins, which is 73% of the total coin supply.|
A highlight of Index Cooperative is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
More Index Cooperative (#INDEX) News
|Bitcoin Macro Index Enters 'Expansion', Echoing 400% Bull Run Surge
In a detailed market update, Charles Edwards, founder of Capriole Investment, has provided an in-depth analysis of Bitcoin's current market position, highlighting a pivotal shift to an 'expansion' phase in the Bitcoin Macro Index. This transition is particularly noteworthy as it parallels conditions observed prior to historical price surges in Bitcoin's valuation.
Bitcoin has recently experienced a sharp uptick, ascending from $34,000 to an interim high of $38,000. After a brief period of resistance, the price corrected to approximately $36,500. Edwards highlights this movement as a critical technical victory, with Bitcoin overcoming and holding above the major resistance benchmarks of $35,000 on both the weekly and monthly timeframes.
This consolidation above key resistance levels sets a bullish context in the high timeframe technical analysis, positioning Bitcoin in a strong technical stance according to traditional market indicators. 'The recent breakout into the 2021 range offers the best high timeframe technical setup we have seen in years. Provided $35K holds on a weekly and monthly basis in November, the next significant resistance is range high ($58-65K).'
Bitcoin Macro Index Enters Expansion
The crux of Edwards' update is the shift in the Bitcoin Macro Index, a complex model synthesizing over 40 metrics encompassing Bitcoin's on-chain data, macro market indicators, and equity market influences. The index does not take price as an input, thus providing a 'pure funda...
|As Gold and BTC Rise Key US Equities Index Now Down By Over 10% from Jul...
The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index's drop as the first correction since the market bottomed in the fourth quarter of 2022. In contrast, the prices of safe haven assets like gold and bitcoin have been on the rise. S&P 500 in Correction Territory
Mounting fears that the U.S. economy is headed for recession have now seen the key S&P 500 index drop by just over 10% from the July 31 peak of 4,577 points. Similarly, the Dow Jow Industrial Average ended the last week of October 2023 1.7% lower at just under 32,420 points. The fall of both indices came just days after it was reported that the yield on 10-year U.S. Treasury notes had crossed the 5% mark for the first time since 2007.
The S&P 500 has now corrected 10% from its July 31 peak. This is the first such correction since the market bottomed on October 12, 2022.
I'm surprised I see no screaming red headlines about this. It tells me it is not viewed as a big deal.
Then … the decline will continue… pic.twitter.com/R2HjEPHnJD
- Jim Bianco (@biancoresearch) October 27, 2023
Several media reports have characterized the S&P 500 decline to 4,117 points as a movement to the correction territory. Experts on the U.S. economy like Jim Bianco of Bianco Research concur and believe the trend will likely continue until it becomes a 'big deal.' Bianco, who has been warni...
|Bitcoin Fear and Greed Index Soars to 2-Year High: What Does This Mean?
The Crypto Fear and Greed Index has soared to levels last seen in November 2021, when bitcoin (BTC) hit an all-time high of more than $69,000.
According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71, indicating a greed sentiment among market participants.
BTC Investors Have Become Greedy
The Crypto Fear and Greed Index is a popular tool that measures investor sentiment across the digital asset market. It postulates two assumptions: extreme fear is a sign that investors are too worried and that could be a buying opportunity, while excessive greed means the market is rising and due for a correction, pushing investors to be cautious.
The index uses several metrics, including volatility, market momentum, social media, surveys, Bitcoin’s dominance, and trends, to analyze the current sentiment of the market on a meter from 0 to 100, with 0 signaling extreme fear, 50 signifying neutrality, and 100 indicating extreme greed.
When the market is rising, people tend to get greedy, and the fear of missing out (FOMO) sets in, leading to impulsive buying and selling of crypto assets. As the Fear and Greed Index is currently at 71, it is a sign that investors are more confident in the prospects of cryptocurrencies, especially BTC.
What Does This Mean?
On October 24, BTC recorded its latest single-day surge in over a year, climbing 14% to the $35,000 level. The pump was attributed to excitement around the possible approval of BlackRock’s spot Bi...
|Dogecoin Aggressive 12% Leap: Fear/Greed Index Uncovers Bullish Sentimen...
Dogecoin has been showing renewed exuberance with impressive figures this week, surging to an intraday high of $0.06525 Tuesday. This substantial rally allowed the cryptocurrency to surpass a significant resistance level positioned at $0.0640.
Notably, this price breakthrough represented a momentous achievement for Dogecoin, as it hadn't reached such heights since August 31. The cryptocurrency's remarkable rebound from a low of $0.06068 indicated a resurgence in investor interest and enthusiasm, underlining the dynamic and often unpredictable nature of the cryptocurrency market.
This event also served as a reminder of Dogecoin's ability to capture the attention of traders and investors, prompting them to join the fray during this period of heightened market activity.
Dogecoin: Market's Shift Toward 'Greed' Territory
In a recent X post by @DogecoinFear, an intriguing insight into the Dogecoin Fear and Greed Index emerges, revealing a current score of 71, which signals that the market may be entering 'greed' territory.
Dogecoin Fear and Greed Index is 71. Greed pic.twitter.com/TEgVW6MunR
— Doge Fear and Greed Index (@DogecoinFear) October 24, 2023
In this context, 'greed' signifies an intense desire for profit. A high score on the Dogecoin Fear and Greed Index, like the 71 mentioned, reflects a market where many investors are primarily motivated by the pursuit of substantial financial gains. This heightened 'greed' sentiment can raise concerns about pote...
|Bitcoin Lingers in a 'Neutral' Phase as the Fear and Greed Index Signals...
On Sunday, October 8, 2023, bitcoin's price teeters just below the $28K threshold, marking a 2.6% rise from the previous week. Presently, the Crypto Fear and Greed Index (CFGI) hovers at a 'neutral' 50 out of 100, a stance it's held over the past week. Technical data reinforces this balanced outlook, indicating bitcoin's price movement has nestled into a tighter band.
Bitcoin's Tightrope Walk Continues While the Fear and Greed Index Reflects Undecided Sentiments
A week prior, bitcoin (BTC) was priced at $27,189 per unit. Over the past day, its value danced between $28,103 and $27,770. This week witnessed a 2.6% climb in bitcoin's value, and it surged by 7.9% on a 30-day scale.
Throughout these fluctuations, the Crypto Fear and Greed Index (CFGI) has unswervingly projected its 'neutral' position - not just today, but yesterday and the entire past week. In essence, the CFGI serves as a barometer, gauging the prevailing mood of the bitcoin marketplace. Its goal? To arm traders with insights into the collective psyche of market players.
The rationale being that overwhelming fear can depress prices too much, while rampant greed can inflate them excessively. By tapping into current sentiments, traders could pinpoint potential buy or sell moments. Interpreting the CFGI, one encounters phases like extreme fear, fear, neutral, greed, and extreme greed.
On October 8, 2023, alternative.me pegs the CFGI at 50, a slight rise from last week's 48. Coinmarketcap.com's 'Fear and Greed' index...
|India, Nigeria, Vietnam Lead Chainalysis Global Crypto Adoption Index
Blockchain data analytics firm Chainalysis has finalized its latest Global Crypto Adoption Index. India, Nigeria, and Vietnam hold the top three positions, followed by the U.S., Ukraine, Philippines, and Indonesia. 'The Central & Southern Asia and Oceania (CSAO) region dominates the top of the index, with six of the top ten countries located in the region,” Chainalysis noted.Chainalysis Previews Latest Crypto Adoption Index
Blockchain analytics firm Chainalysis published an excerpt from its upcoming 2023 Geography of Cryptocurrency report on Tuesday, which featured the firm's fourth annual Global Crypto Adoption Index. The complete report is scheduled for release next month.
“We combine on-chain data and real-world data to measure which countries are leading the world in grassroots crypto adoption,” Chainalysis explained, noting that there were 154 countries with sufficient data for evaluation. “We’ve designed the Global Crypto Adoption Index to identify countries where the most people are putting the greatest share of their wealth into cryptocurrency.” Moreover, the firm detailed that its Global Crypto Adoption Index is made up of five sub-indexes, adding that each of those sub-indexes is based on countries’ usage of different types of cryptocurrency services.
According to the index, India ranks first overall, followed by Nigeria, Vietnam, the U.S., Ukraine, the Philippines, and Indonesia.
The first key takea...
|Cambridge Revises Bitcoin Mining Index, Lowers BTC's Estimated Power Use
Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency's energy use after finding its previous model greatly overstated power consumption.Cambridge Centre Revises Bitcoin Energy Estimates Downward: Corrected Index Reflects More Accurate Power Consumption
In a report published this week, the research center said its prior methodology, in place since 2019, worked well during periods of low mining profitability but exhibited 'shortcomings' when profits surged, particularly in 2021. The previous index equally weighted all profitable mining machines in use, which led to an overrepresentation of older, less efficient models when mining was highly lucrative.
'Evidence suggests this bottleneck resulted in even next-generation hardware being stored in warehouses due to a lack of space in data centers,' the report stated. 'Given that even new machines were being stored, it is reasonable to infer that mining operators would have already replaced all old machines with newer models, exploiting all possible means to enhance the overall efficiency of their mining operations.'
Cambridge said it has now integrated a weighting factor into its calculations to better account for the disproportionate impact of new, more powerful mining rigs on Bitcoin's total computing power and energy draw. It also added a two-month lag between the release and operation of new equipment.
The changes cut Cambridg...
|First Time in 3 Months: Bitcoin Fear and Greed Index Signals Fear for 2 ...
The indicator that displays the general sentiment toward bitcoin - the BTC Fear and Greed Index - dropped to 'Fear' territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March.
One possible reason behind the trend's change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some highly volatile trading days and multi-month lows during the week.
Is it Time for 'Fear' Again?
The legal war that the US SEC waged against Binance and Coinbase has affected the entire cryptocurrency market and mostly the numerous altcoins the agency claimed to be unregistered securities.
Nevertheless, the actions of the regulator also harmed BTC's price, which went from $27,000 to a multi-month low of under $25,400 after the two lawsuits were announced. Despite recovering some of its losses, the damage seems to be done, at least according to the popular Bitcoin Fear and Greed Index, which headed south.
It entered into a 'Fear' zone on June 6 (the day when the American securities regulator filed a lawsuit against Coinbase and 24 hours after it did so with Binance) for the first time in nearly three months.
The SEC lawsuit, which claimed that several altcoins should be deemed as securities, kept the metric within a 'Fear' level for just one day. However, it tumbled again on June 13 and June 14 ...
|J'JO's Crypto Index Investing: Protecting Portfolios From Risks and Incr...
The global crypto market is expanding steadily despite recent bearish sentiments. Over 119 million people worldwide started owning cryptocurrencies in 2022, marking a 39% rise in total ownership. It reflects a growing demand for alternative payment methods and investment instruments.
More people now believe in the potential of futuristic asset classes like crypto. Particularly since innovators are bringing novel utilities to the table. But the road ahead isn’t all rosy. We must overcome several challenges before crypto-based assets bloom fully.
One key issue is the lack of simple, user-friendly, and stable instruments for beginner and pro investors. For instance, index investing, despite its strong track record in traditional finance, is mostly inaccessible to the crypto community. This exposes investors to market-related risks like high volatility, reducing their scope for diversification and generating suboptimal returns.
J’JO provides a solution to these problems with its advanced index-based investment service for crypto markets. Besides making crypto investing safer and more accessible, the service helps improve financial planning for investors across the board.
Why crypto needs simpler investment instruments
Cryptocurrencies have shown a meteoric rise in popularity. This is great from the perspective of how this asset class provides value across industries and market segments. From digital currencies to luxury items and real estate, we now have unforeseen r...
|Crypto Industry Report: BTC Beats Nasdaq Index and Gold in Q1, Liquid St...
According to the latest Coingecko crypto industry report, during the first quarter of 2023, bitcoin became the best-performing asset after it saw its U.S. dollar value go up from just under $17,000 observed on Dec. 31, 2022, to just over $28,000 by March 31, 2023. The report attributes the crypto asset's resurgence to 'increased volatility from the banking crisis' and to Binance's decision to end part of its zero-fee incentive scheme for bitcoin trades. Bitcoin Beats Nasdaq Index and Gold
After closing the past year trading below $17,000, bitcoin staged a comeback that saw it close the first quarter (Q1) of 2023 trading above $28,000. With this performance, bitcoin, which eventually went past the $30,000 level, has outperformed major asset classes including the Nasdaq index and gold, data from the latest Coingecko crypto industry report has shown.
As shown in the report, bitcoin's quarter-on-quarter (QoQ) growth of 72.4% makes it the best-performing asset during the period. The Nasdaq index and gold were the second and third-best performers with gains of 15.7% and 8.4%, respectively.
Although bitcoin and the entire crypto market's recovery are known to have begun sometime in January, according to the report, the U.S. banking crisis might be the primary reason why interest in this asset class has surged.
'Trading volume saw an upswing in January 2023, when the market started rallying. It then spiked momentarily in early March due to increased volatility from the banking crisis...
|Argentina Approves BTC Index Futures Contracts on Matba Rofex Exchange: ...
Argentina's securities regulator - the National Commission of Value (CNV) - reportedly authorized the local exchange Matba Rofex to launch regulated Bitcoin index futures contracts.
Argentines have recently shown rising interest in the primary cryptocurrency and other digital assets. One factor behind the surging appetite could be the concerning inflation rate in the country and the political instability.
Additional BTC Options for the Locals
The BTC index futures contracts will enable locals to gain exposure to the price of the primary cryptocurrency without having to hold the asset. Deposits will be made in Argentine pesos - the nation's official currency - via bank transfers.
The CNV's approval is part of a broad strategy to embrace new technologies and promote a variety of monetary products to the population.
The domestic exchange Matba Rofex must have a valid agreement with a Payment Services Provider (PSP) registered with Argentina's central bank to launch such contracts. Its President - Andres Ponte - praised the entity for becoming the first in Latin America to offer regulated BTC futures.
The platform will also warn investors about the possible risks when dealing with the asset class due to its infamous volatility.
Cryptocurrencies have become increasingly popular in the South American country lately. The political chaos and monetary issues could be a reason for that interest.
As CryptoPotato reported last summer, numerous local ...
|US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From...
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate.U.S. Inflation Cools for the 9th Straight Month
Investors were pleased to hear the latest U.S. Consumer Price Index (CPI) report on Monday, which noted that inflation has cooled over the last nine months. 'The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in March on a seasonally adjusted basis, after increasing 0.4% in February,' the U.S. Labor Department explained on Wednesday. The news follows the U.S. central bank raising the benchmark interest rate by 25 basis points last month.
The Fed has increased the federal funds rate nine times in a row, to a total of 475-500 basis points. The latest data indicates that inflation has dropped significantly since last year in the U.S., but it is still far from reaching the Fed's stated goal of 2%. After the CPI report was published, the global crypto economy's total market capitalization jumped to $1.23 trillion. It had dropped a few percentage points on the night of April 11, 2023, at 10:45 p.m. Eastern Time.
Currently, bitcoin (BTC) is trading above the $30,000 range, up 0.80% after the Labor Department's CPI report was published. Gold is up 0.81% and trading for $2,021 per troy ounce, while silver is up...
|Bitcoin Fear and Greed Index Spikes to 16-Month High as BTC Exceeds $28K
The Fear and Greed Index - a metric that shows the overall sentiment toward bitcoin - currently points at 66, the highest level since November 2021.
One factor behind the investors' predominantly bullish perspective could be the impressive price performance of the primary cryptocurrency, which has been up nearly 30% for the past week.
Greed Among Investors
Most cryptocurrencies, including bitcoin, have recently shown remarkable resilience to the global economic issues surging to levels unseen in several months. The primary digital asset recently tapped $28,500, increasing its price by almost 30% in one week.
The rally seems to have affected the popular Bitcoin Fear and Greed Index - a metric that tracks numerous segments, such as price volatility, social media comments, and surveys, to determine the momentary investor sentiment towards BTC.
Currently, it sits in 'Greed' territory, pointing at 66. The last time the index reached that mark was in mid-November 2021, a few days after bitcoin hit its all-time high price of nearly $70,000.
Fear & Greed Index, Source: alternative.me
The bullish stance on the asset coincides with the view of some crypto proponents that the bear market has finally loosened its grip. They believe the asset class could continue its impressive performance in the background of a potential banking crisis.
Bitcoin and the altcoins are yet to be put to the test after the US Federal Reserve announces the results of its ...
|Bitcoin Fear and Greed Index Drops to 2-Month Low
The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, somewhat expectedly, lots of investor losses.
This year started on a positive note, but crypto has once again taken a serious hit - this time, the most apparent reason coming from outside players.
All of this has harmed the performance of bitcoin and most altcoins, resulting in yet another change in the overall sentiment.
BTC Shuttered Amid Banking Issues
The first several weeks of 2023 saw BTC finally overcoming $17,000, which propelled a mini bull run that drove the asset to and beyond $25,000 in February. After adding almost 50% in this timeframe and charting a multi-month high, the popular Fear and Greed Index skyrocketed from deep within 'fear' and 'extreme fear' to greed.
Yet, bitcoin couldn't double down on its positive run, even though many industry experts suggested that the bear market was finally over and BTC could go back to charting new highs. Just the opposite, the asset stalled before it dropped back down to around $22,000.
More price declines came, with the possible reasons ranging from the US government supposedly selling seized BTC from Silkroad on Coinbase to even further interest rate hikes. Then came some less-expected issues. Silicon Valley Bank - a large commercial bank, or what bitcoin was created to fight against, collapsed on Friday after it failed to raise ...
|Bitcoin Rise in First Month of 2023 Moves Crypto Fear Index From 'Extrem...
Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating 'extreme fear.' Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting 'greed.'Crypto Fear Index Jumps to 'Greed,' Etoro Market Analyst Attributes Bitcoin's Rise to Shift in Investor Expectations
Records show bitcoin (BTC) saw significant value growth in the first month of 2023, with a 39% increase against the U.S. dollar. On Jan. 29, 2023, BTC reached a 30-day high of $23,954 per unit, with prices ranging from that value to a low of $22,988 over the past 24 hours. This rise has significantly raised the Crypto Fear and Greed Index (CFGI) hosted on alternative.me, moving it from the 'extreme fear' zone to the 'greed' range in the course of the month.
Last week, CFGI records showed a score of around 50, indicating 'neutral,' according to alternative.me. Seven days later, the CFGI score rose to 61, meaning 'greed.' The website states that when crypto investors become too greedy, it signals the market is due for a correction. The CFGI score has remained above the neutral range of 50 since Jan. 23, 2023, after spending a significant amount of time below 45 prior to Jan. 14, 2023. On Monday, bitcoin (BTC) prices saw weakness against the U.S. dollar as traders took profits.
In a note sent to Bitcoin.com News, Etoro's market analyst, Simon Peters, attributed the halt in crypto price declines to ...
|BTC Fear and Greed Index Flashes 'Greed' for the First Time in 10 Months
The metric showing the community's general sentiment toward bitcoin - the Fear and Greed Index - entered into the 'greed' zone for the first time since March 30, 2022.
This could be a result of the price increase of the primary cryptocurrency during the first month of the year and the overall revival of the entire market.
Back to 'Greed'
Contrary to the economic crisis that has spread across the globe, bitcoin has started off the year on the right foot. It currently trades at around $23,000 (according to CoinGecko), which is a 40% increase compared to the last day of 2022.
The BTC Fear and Greed Index, which works as an indicator of momentary investor sentiments towards the digital asset, was stuck in the 'Fear' or 'Extreme Fear' territory for several months because of the prolonged bear market and the numerous bankruptcies and scandals in the industry.
However, the asset's spike seems to have changed the trend, and today (January 27), the metric pointed at 55 - 'Greed.' The last time the Index reached that level was approximately ten months ago.
Bitcoin Fear and Greed Index. Source: Alternative.me
It is worth noting that the increased confidence among crypto investors should not be directly considered a catalyst for a renewed bull run. In fact, the metric being in a state of 'Fear' or 'Extreme Fear' could indicate a good buying opportunity, while too greedy investors could mean that the market is due for a correction.
Could BTC Sustain the Rally?
The asset's impre...
|CryptoQuant's Bitcoin PnL Index Forms Bullish Crossover
CryptoQuant's Bitcoin on-chain PnL index has surged above its 365-day MA recently, a crossover that has historically signaled early bull markets.
Bitcoin On-Chain PnL Index Has Formed A Bullish Crossover
As per data from the on-chain analytics firm CryptoQuant, the index is indicating a buy signal for BTC right now. The 'CryptoQuant on-chain PnL index' is a metric that combines three different indicators into one to point out tops, bottoms, and cyclical shifts in the price of Bitcoin.
The first of the metrics that the PnL index uses is the 'MVRV ratio,' which is a model that checks whether BTC is currently overvalued or undervalued by comparing the crypto's market cap with a fair value model called the 'realized cap.'
The second relevant indicator here is the 'NUPL,' which tells us whether the Bitcoin market as a whole is currently carrying an unrealized profit or an unrealized loss. This metric can provide hints about whether there is a buying or selling motive among investors right now.
Finally, there is the Spent Output Profit Ratio (SOPR), which tracks whether the average holder is selling at a loss or a profit at the moment. The SOPR shouldn't be confused with the NUPL, as the quantity being measured by the NUPL is the 'unrealized' profit/loss, which is the profit or loss that investors have accumulated but are yet to harvest (or 'realize') as they are still to sell their coins.
There are actually two SOPR metrics of interest here; the version specifically for the short-...
|Bitcoin Fear and Greed Index Rises to 'Neutral' for the First Time in 9 ...
The Bitcoin Fear and Greed Index - a metric that determines the community's general sentiment on the primary cryptocurrency - spiked to a state of 'Neutral' for the first time in nearly nine months.
The increase comes as a result of BTC's positive start in 2023.
At Last, out of the 'Fear' Zone
The Bitcoin Fear and Greed Index tracks multiple segments, including price volatility, social media comments, surveys, and others, to display the momentary investor sentiment toward the leading digital asset. It provides results between 0 ('Extreme Fear') to 100 ('Extreme Greed').
The Index pointed at 52 yesterday (January 15), meaning it was in 'Neutral' territory for the first time since April 5, 2022. It was either in the 'Fear' or 'Extreme Fear' zones during the past nine months, prompted by the prolonged bear market and the adverse events that surrounded the cryptocurrency industry (the Terra crash, 3AC's bankruptcy, the collapse of FTX, and many more).
The main reason for the recent surge could be bitcoin's price increase. The asset has added approximately 25% to its USD value since the start of the year, currently trading at around $20,800. It hit almost $21,500 earlier today (January 16)- a 10-week high.
Despite the promising results, though, the Bitcoin Fear and Greed Index has now returned to the state of 'Fear,' dropping to 45.
The entire digital asset sector has seen moments of revival over the last several days, with the global crypto market cap touching the $1 ...
|Bitcoin Volatility Index Suggests Large Price Move Arriving Soon
Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future.
Bitcoin Volatility Index Has Recently Been Below A Value Of 25
As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed by an explosive move in BTC.
The 'volatility index' in question is the BitMEX .BVOL index, and according to the exchange, the metric's value 'is the rolling 30 day annualized volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP) of Bitcoin / USD.'
Here, the Time Weighted Average Price is calculated using measurements made at 1 minute intervals for a period of half-an-hour.
What this index tells us is how much has the recent BTC price deviated from the average, or more simply, how volatile it has been recently.
High values of the metric suggest the crypto has shown some sharp moves recently, while low ones imply a stale market.
Now, below is a chart that shows how the Bitcoin volatility index's value has changed during the last few years:
The value of the metric seems to have been quite low in recent days | Source: Alex Krüger on Twitter
As you can see in the graph, the analyst has marked relevant points of trend between the Bitcoin volatility index and the price of the crypto.
It looks like whenever the indicator has dipped below a value of 25, and then subsequently bottomed below the level, the BTC price has seen some significant mo...
|USD Index Starts Inching Toward Highs Again, Société G&eac...
In 2022, the U.S. dollar has been very strong, despite the global economy's downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société Générale notes that the index will likely rally back toward the 114.8 high.Greenback Index Starts Climbing Again After the Recent Pullback, Société Générale Economists See a 'Prevalence of Upward Momentum'
The U.S. dollar, otherwise known as the greenback, has been a formidable foe against a myriad of fiat currencies this year. A large swathe of fiat currencies like the euro, pound, yen, yuan, and Australian and Canadian dollars have all suffered from the greenback's strength. On September 27, the U.S. Dollar Index (DXY) tapped a high of around 114.8, a height that hasn't been recorded since 2001. The DXY is an index that is leveraged to measure the value of the greenback against six different fiat currencies.
The basket of fiat currencies traded against the U.S. dollar consists of the European Union's euro, the Swiss franc, the Swedish krona, the British pound, the Canadian dollar, and the Japanese yen. However, the basket of six currencies is not distributed evenly, as the euro consists of 57.6% of the basket, and the yen is the second largest component with 13.6%. The index gives traders, analysts, and economists a fair valuation of the dollar's strength agai...
|Fidelity Launches Ethereum Index Fund — Sees Client 'Demand for Ex...
A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be structured as a 'traditional limited partnership.'Traditional Limited Partnership
According to a filing lodged with the U.S. Securities and Exchange Commission (SEC), Fidelity planned to launch an Ethereum index on October 4, 2022. As per the filing, a minimum investment accepted from an outsider interested in the security is $50,000. At the time of writing, the fund had just over $5 million worth of assets.
As explained by a report published by Barron's Advisor, the new security, which is also known as the Fidelity Ethereum Index Fund, is not an exchange-traded fund (ETF). Instead, the ethereum index fund is said to be structured as a 'traditional limited partnership.'
A limited partnership according to Investopedia, is a partnership made up of two or more partners. One partner known as the general partner is responsible for managing the business while other partners who are also known as limited partners are not involved in the day-to-day activities of the business.
Clients' Demand for Exposure Beyond Bitcoin
Commenting on the revelations that Fidelity had launched an ETH-based index fund less than two years after it launched a similar fund for bitcoin, a spokesperson for the investment company reportedly said:
We have continued...
|Leading Asset Manager Fidelity Introduces $5 Million Ethereum Index Fund
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm - Fidelity Brokerage Services LLC - offered an Ethereum Index Fund to clients.
The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000.
Fidelity's Next Crypto Step
One of the largest entities in its field (with over $4.5 trillion in assets under management) received the US SEC's approval to register its Fidelity Ethereum Index Fund.
According to the filing, the first sale occurred on September 26, and since then, the feature has raised approximately $5 million.
Fidelity displayed its intentions to offer the fund for more than one year and asserted that it will not be a subject of a future business combination transaction, including a merger, acquisition, or exchange offer.
Speaking of an Index Fund, it is worth mentioning that it is quite different than an Exchange-Traded Fund (ETF) as it trades only once per day (once the markets close).
The US-based asset manager started its crypto journey in 2014 when it began mining bitcoin. Four years later, it launched Fidelity Digital Assets - a platform and investment solution that helps individuals access cryptocurrency services and products.
In April this year, the company made the headlines by enabling investors to add bitcoin to their retirement 401(k) accounts. Speaking on the initiative, Dave Gray - Head of Workplace Re...
|Vietnam, Philippines, India, China Among Top Countries for Crypto Adopti...
Blockchain analytics firm Chainalysis has published its 2022 cryptocurrency adoption index. Vietnam, the Philippines, India, and China are among the countries with the highest crypto adoption. While the overall adoption slows worldwide in bear markets, it 'remains above pre-bull market levels,' the firm said.Chainalysis' Latest Cryptocurrency Adoption Index
Chainalysis published an excerpt of its upcoming report titled '2022 Geography of Cryptocurrency' Wednesday. It highlights the company's 2022 Global Crypto Adoption Index, which ranked all countries based on their usage of different types of cryptocurrency services, the blockchain data firm explained.
According to the index, Vietnam tops the list overall, followed by the Philippines, Ukraine, India, the United States, Pakistan, Brazil, Thailand, Russia, and China.
Overall adoption slows worldwide in bear market, but remains above pre-bull market levels.
Moreover, the blockchain analytics firm noted that 'Emerging markets dominate the global crypto adoption index.'
In addition, the firm explained that China finally reentered the top 10 of its global cryptocurrency adoption index this year after placing 13th last year.
'Our sub-indexes show that China is especially strong in usage of centralized services, placing second overall for purchasing power-adjusted transaction volume at both the overall and retail levels,' Chainalysis described.
'This is especially interesting given the Chinese government's c...
|Colony Avalanche Index Launches to Offer Yield-Bearing Avalanche Ecosyst...
[PRESS RELEASE - Paris, France, 6th September 2022]
Colony Lab, the Avalanche ecosystem accelerator, has partnered with decentralized crypto index platform Phuture to launch CAI, the first index token offering exposure to the AVAX ecosystem.
AI, or Colony Avalanche Index, is an investment tool to benefit from the growth of the Avalanche ecosystem as a whole through just one token. The CAI is a basket of both AVAX and Avalanche application tokens, spread into different thematic sections for DeFi, GameFi and others.
In addition, thanks to an integration with Yield Yak, the CAI token is natively yield-bearing. The assets inside it are deployed to earn additional yield through the aggregator, offering a safe but effective way to compound gains.
CAI is designed for investors who are excited about the Avalanche ecosystem but prefer to gain exposure in a calculated, more efficient way that optimizes capital for them. The network is a mere 22 months old, but it is already the third largest DeFi ecosystem by total value locked, in addition to very successful GameFi projects like DeFi Kingdoms, which run on their own subnets. The ecosystem will continue to grow and evolve rapidly, making it difficult to pick the ultimate winners at this stage.
To account for the dynamism of the Avalanche Ecosystem, CAI will rebalance every month to always include the top assets by liquidity and capitalization. The dynamic rebalancing methodology ensures that CAI always stays allocated in the best-perfo...
|Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful
After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to 'extreme fear' in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the 'fear' zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means 'extreme fear,' and 61 days or two months later, the CFGI rating now shows a score of 33 or 'fear.'CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor Sentiment in the 'Fear' Zone
While the crypto economy has jumped back above the $1 trillion range, prices have started to drop again after the last rally. Following the Terra blockchain implosion, the crypto economy lost significant value and extreme fear shook the community into June as well. The Crypto Fear and Greed Index (CFGI) hosted on alternative.me dropped severely at the time, and on May 31, 2022, Bitcoin.com News reported the CFGI ranking score was 16 out of 100 or 'extreme fear.'
Every day the CFGI ranking score analyzes 'emotions and sentiments from different sources and crunch them into one simple number.' Alternative.me indicates that the value of 0 means 'Extreme Fear' while a value of 100 represents 'Extreme Greed.' The website adds:
The crypto market [behavior] is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction [to] seeing red numbers - There are two simple assumpt...
|Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20...
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union's member states reached parity against the U.S. dollar for the first time in 20 years.Euro Hits Parity Against the US Dollar, Greenback Skyrockets Against a Basket of Fiat Currencies
Even though it was a goal for the European Union (EU) to introduce a sovereign fiat currency for the EU back in the sixties, the euro did not get introduced until January 1, 1999. At first, the euro was introduced virtually, and by 2002 bills and coinage started to circulate. Close to 24 years later, the euro is not doing well against America's greenback, and the EU's sovereign currency reached parity with the U.S. dollar on Tuesday, July 12.
The EU has been suffering from significant inflation due to the monetary easing that happened amid the Covid-19 pandemic, and the Ukraine-Russia war. Prior to the war, the EU was getting around 40% of the EU's gas from Russian exporters. The U.S. dollar has seen significant demand in recent times as the fiat currency spiked to a 20-year high against a basket of fiat currencies on Wednesday.
Last week, Germany printed its first trade deficit in goods in three decades. Analysts are finding it hard to envision that things in the eurozone could improve in the near future. 'Given the nature of Germany's exports which are commodity-price sensitive, it remains hard to imagine tha...
|Bitcoin Fear and Greed Index Dumps to Lowest Levels Since the COVID-19 C...
Amid the ongoing massacre in the cryptocurrency market, the popular Bitcoin Fear and Greed Index has plummeted deep into an 'extreme fear' state. In fact, the metric is at its lowest position since the COVID-19 crash.
Extreme Fear Becomes the New Norm
The crypto markets took a massive turn for the worse starting at the end of March. At that time, bitcoin was riding high, close to $50,000, and the community wondered if it will be able to breach that level and even head for a new ATH.
However, that was not the case, and BTC entered its longest negative streak. The cryptocurrency closed the next nine weekly candles in the red and lost over $20,000 in value in the meantime.
It remained around $30,000 for a while but started plummeting last Friday again. The weekend brought more pain, and so did the start of this week. As a result, bitcoin nosedived to just over $20,000 earlier today, which became its lowest price position since December 2020.
Somewhat expectedly, this predominantly bearish trend resulted in a massive shift in investors' beliefs and overview of the market. This is best presented by the Bitcoin Fear and Greed Index - a metric determining the overall sentiments by gauging different sorts of data, such as volatility, surveys, social media comments, and more.
It displays the end results from 0 (extreme fear) to 100 (extreme greed). Ever since the start of May, the Index has been deep inside 'extreme fear.' The past few days saw another decline in the metric, which now...
|a16z-Backed Indian Crypto Exchange Launches the First Rupee-Based Index
The a16z-backed Indian crypto exchange - CoinSwitch Kuber - announced the launch of an index that tracks the performance of crypto assets based on the Indian rupee rather than the US dollar.
CoinSwitch CEO Kuber Ashish Singhal tweeted the latest updates regarding the newly unveiled index, the Crypto Rupee Index (CRE8). He stated that it will provide a true picture of the Indian market and help local investors make 'informed investment decisions,' as they no longer need to 'second-guess how the Indian Crypto market is behaving.'
Until now, investors in India had to rely on international indices based on US Dollar. But these indices do not give the true picture of the Indian market and miss the supply-demand dynamics of India’s growing investor base.
— Ashish Singhal (@ashish343) June 2, 2022
CRE8 is the first product offering such a direct view of the market in India.
As one of the largest exchanges in the country, CoinSwitch Kuber said it has 18 million registered users on its trading app, and they can directly access the new product.
The new index, tracking the performance of eight predominant crypto assets that account for over 85% of the total volume traded in rupees, will be refreshed over 1,400 times a day (approximately one time per minute) to ensure that it follows the real-time market movement.
As reported previously by CryptoPotato, major exchanges based in India have witnessed a sharp decline in trading volume after the controversial tax introdu...
|Crypto Fear and Greed Index Shows 'Extreme Fear' and Shaky S...
For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the 'extreme fear' range. While bitcoin gathered some gains on Monday, the CFGI is still in the 'extreme fear' position with a ranking score of 16 out of 100.
Crypto Fear and Greed Index Remains in 'Extreme Fear'
Approximately 45 days ago, the Crypto Fear and Greed Index (CFGI) hit the 'extreme fear' range with a score of 22. That day, on April 15, the 24-hour bitcoin price range was between $39,823.77 and $40,709.11 per unit. Since then markets tumbled even lower and on May 12, the value of BTC tapped a low at $25,401, which was lower than the previous bottom last summer in July. If someone purchased BTC on May 12, today they would be up more than 24% against the U.S. dollar.
Despite the gains during the past two weeks, the CFGI is still in the 'extreme fear' zone and the ranking is even lower than it was on April 15. At the time of writing, the CFGI ranking score is 16 out of 100, but it doesn't necessarily mean markets will remain gloomy. The CFGI hosted on alternative.me measures market sentiment and the website notes there are two simple assumptions:
Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
When Investors are getting too greedy, that means the market is due for a correction.
However, extreme fear can also lead to more capitulation and the so-called buying opportunity may be much lower. Or one could also assume ...
|Chinese Indexes Company Launches Hang Seng Metaverse Index
A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said.Rising Popularity of the Metaverse
Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, recently announced the Hang Seng China Metaverse Index launch. The new index tracks the performance of mainland Chinese companies involved in metaverse-related businesses.
As explained in a statement released by the company, the decision to launch the index comes against a background of growing popularity of the metaverse as an investment theme among investors.
Besides the metaverse index, Hang Seng Company Limited - a wholly-owned subsidiary of Hang Seng Bank - said it has also added Oncology Index to its Megatrend Index Series. Remarking on his company's launch of the two indexes, Daniel Wong, director & chief index officer said:
New megatrends are having an increasingly significant impact on our daily lives. Our two new megatrend indexes are designed to help investors capture potential opportunities arising from these innovative and transformative trends in the mainland China and Hong Kong stock markets.
According to a press statement, the two new indexes will be calculated and disseminated in real-time at two-second intervals. As shown in the statement's appendix, the top ten constituent compa...