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Crypto Fear & Greed Index Eyes Greed Zone Despite Bitcoin (BTC) Price Dump

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Thu, 06/04/2020 - 11:55
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Vladislav Sopov
After the upsurge past $10,300, Bitcoin (BTC) has revisited $9,500-$9,600 waters in a painful correction. But even this fall hasn't stopped the Crypto Greed&Fear Index!
Crypto Fear & Greed Index Eyes Greed Zone Despite Bitcoin (BTC) Price Dump
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The crypto Fear & Greed Index calculated by the Alternative software company revisited a three-month-high at 56 on Jun 2, 2020. Since this indicator lags one day behind the actual market sentiment, it reflected the bullish inspirations of the first day of Summer.

Big greed is on the horizon

This indicator stopped its growth only for one day after the painful Bitcoin (BTC) price drop of June 2nd. Today it is surging again reaching 54 points, which is interpreted as a 'Neutral' market sentiment.

Crypto Fear and Greed Index prints 54 points
Image by Alternative

It looks like it won't take long for the Fear & Greed Index to revisit the 2020 local high at 65 that was reached on February 13, 2020. After Black Thursday and the tremendous crypto market bloodbath, this index stayed in the Extreme Fear Zone for a long time, touching a local low at 8. 

It has been slightly outperformed by a similar CNN Business Fear & Greed Index. This investor sentiment indicator has already entered the Greed territory and is now sitting at 61 points.

Seasoned analyst and trader Crypto Birb mentioned this process in his Twitter. It looks like he is treating it as an indicator of 'Hope' or a 'Belief' phase of the market sentiment cycle.

Crypto Bird mentioned Ceypto Fear & Greed indicator
Image via Twitter

Is 'decoupling' on borrowed time?

One rule has worked perfectly amidst the ongoing market recession. Analyst Charles Edwards of Capriole Investments outlined that Bitcoin (BTC) is only correlated with stocks in times of extreme fear and extreme greed.

That said, we need to prepare ourselves for the impressive crypto market capitalization rally, since the stocks' bull run is nowhere near its end.

The crypto Fear & Greed Index by Alternative utilizes different types of market inputs to determine the sentiment of investors. It tracks market volatility, market volume, social media tendencies, Bitcoin (BTC) price dominance and Google Trends indicators for crypto-focused searches.

Previously, the Alternative also used data from surveys, but this section has been switched off.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

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Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)