Bitcoin 

Bitcoin Price Fear & Greed Index Turns Blood Red Under 8K — Time to Buy?

Bitcoin (BTC) price dropped out of the descending triangle, causing a level of extreme fear to spread throughout the entire crypto market.  Bitcoin price remains bearish since the top at $13,800, as the price has been trending downwards in a channel. However, is the price of Bitcoin bearish overall or only short term?   Crypto market sentiment registers extreme fear Crypto Fear & Greed Index. Source: Alternative.me The Crypto Fear & Greed Index currently shows that there is extreme fear in the market. The index is based on volatility (25%), market…

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Bitcoin 

Bitcoin Price Fear & Greed Index Back to ‘Extreme Fear’ Dec 2018 Lows

Bitcoin investors are no longer as buoyant as they were three months ago, judging by the latest readings from the Crypto Fear and Greed Index (CFGI). On Aug. 14, the Bitcoin-only index — which plots investor sentiment on a scale of 1 to 100 (where 1 represents doom and foreboding and 100 indicates blithe optimism and greed) — hit its lowest levels since December 2018. Today: “fear,” yesterday: “extreme fear” Just under three months ago, in late June, Bitcoin (BTC) investors had seemingly hit a level of unbridled optimism, with…

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Ethereum 

Major Chinese Financial News Provider Quietly Adds Crypto Index

Sina Finance, a finance-focused website owned by China’s major tech company Sina Corp, has added crypto index into its mobile app, China-focused online Twitter resource Cnledger reported on July 3. The new index on China’s major financial news channel provides data on prices and performance of major cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), litecoin (LTC), XRP, and ether (ETH), according to a mobile app screenshot provided by Cnledger. Screenshot of Sina Finance’s Crypto Index on Mobile. Source: Cnledger The new crypto index is only available on the Sina…

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Ethereum 

Bitcoin Breaks $6,000, US Stock Index Futures See Lower Open

Thursday, May 8 —  after a brief market falter yesterday following the $40 million hack of major crypto exchange, crypto markets are showing resilience, with bitcoin (BTC) rallying above the $6,000 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin is outperforming all of the other top ten cryptocurrencies and has seen 3.4% growth on the day to break back above the psychological price point of $6,000 — for the first time in almost six months (Nov. 14, 2018). To press time, the top coin is trading at…

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Bitcoin 

Current Bitcoin Misery Index Never Been Reported in Bear Market

Fundstrat Global Advisors founder Tom Lee pointed out that the value currently reported by his company’s bitcoin (BTC) sentiment indicator Bitcoin Misery Index (BMI) has never been seen in a bear market. Lee made his comments during an interview with Cointelegraph published on April 19. During the interview, Lee noted that through 2018, the BMI has not been over 50, while it now recently touched a value of 89. According to Lee, values over 67 have never taken place in a bear market. Lee concluded: “It means that a bull…

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Bitcoin 

Tom Lee’s Bitcoin Misery Index Hits Highest Value Since 2016 in Possible Bull Signal

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure since June 2016. He suggested the data could be a good or a bad sign. The BMI — which Lee designed with the aim of informing investors of how “miserable” Bitcoin (BTC) holders are based on the coin’s price and volatility — reportedly hit a value of 89 on April 2. The Index assigns a value of 100 to positive sentiment and 0 to…

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Bitcoin 

Crypto Analytics Firm Messari Introduces New Exchange Index Following Fake Volume Reports

Cryptocurrency analytics firm Messari has added a new index for 10 cryptocurrency exchanges, the company announced in a blog post on March 26. Messari launched a new product dubbed “Real 10 Volumes” on its OnChainFX dashboard to limit its default volume calculations to the chosen exchanges. The “Real 10” trading platforms include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex. In the post, Messari said that the aforementioned exchanges reported “significant and legitimate trading volumes via their APIs [application programming interface].” The company further revealed that…

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Bitcoin 

Investing App Invstr Launches Cryptocurrency Index

Investing app Invstr has launched a cryptocurrency index for their platform, allowing users to follow cryptocurrency markets, according to a press release on Feb 6. Invstr’s crypto index will allow users to to track price fluctuations of the crypto market and make price comparisons of specific cryptocurrency pairs. The index will also include a range of digital asset categories, that includes asset, payment and utility tokens. Cryptocurrencies on the app will be reviewed quarterly, which will allow for the addition of newer and stable cryptocurrencies to remain on the app…

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Bitcoin 

Crypto Asset Manager LedgerX Launches Bitcoin Volatility Index

LedgerX has launched its first Bitcoin (BTC) price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14. LedgerX is a cryptocurrency asset manager regulated by the United States Commodity Futures Trading Commission (CFTC). The official press release shared with Cointelegraph explains how the index is formed: “The LXVX incorporates the level of fear and uncertainty in the bitcoin market, and thus can be thought of as the “bitcoin fear index,” in the same way the VIX is commonly referred…

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Bitcoin 

Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. In a methodology overview, Bitmain said the product was “developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally,” explaining: “The Index is solely…

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