- Bitcoin Fear and Avarice Index reaches “Greed” scoring 60 from 100.
- Ethereum is buying and selling near $1,700, which rose by about 42% from recently.
The cryptocurrency market kick-off Feb with ongoing bullish momentum because the crypto king, Bitcoin (BTC), soared by over 45%, and also the largest altcoin, Ethereum (ETH), surged around 40% inside a month. During the time of writing, the worldwide crypto market cap includes a market cap of $1.12 trillion, which elevated by 4.5% per day, according to CoinGecko data.
Earlier each morning, the Bitcoin cost pumped towards the $24,195 range. Presently, BTC traded at $23,844, rallied around 4% within the last 24 hrs and 15% in 2 days, and it has an industry dominance of 41%. Also, “Fear and Greed” was scored at 60 because of the Bitcoin cost surging with five days of straight ‘green candles’ consecutively. Based on Alternative.me, Bitcoin Fear and Avarice Index reaches “Greed” scoring 60 from 100.
Furthermore, the 2nd-largest cryptocurrency, Ethereum, traded at nearly $1,700, which rose by about 42% from recently and 10.5% within the last fourteen days. ETH beholds over 18% market dominance and it has an industry cap of $201 billion, which elevated 6.5% per day.
Top Altcoins Signals Bullish
The entire cryptocurrency market began facing a downtrend because the failure from the UST stablecoin project operated by Do Kwon promised that Terra Luna (LUNA) is needed its stablecoin, worth vast amounts of dollars. Then your crypto winter got worsened, because the categories of prominent firms, for example Three Arrows Capital, Celsius Network, and Voyager Digital unsuccessful within the summer time of 2022. Further, another wave of bearish began because the largest crypto exchange, FTX, declared personal bankruptcy protection in November, 2022.
However, Following the prolonged bearish trend, the crypto market shows eco-friendly within the chart. And also the top altcoins for example Polygon (MATIC), Solana (SOL), Avalanche (AVAX), Aptos (APT), and much more coins are buying and selling with notable cost surges. In the past seven days, MATC elevated by over 12%, SOL soared by around 6.5%, AVAX rose by 15%, and APT rose by 10%.
Furthermore, Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) indicate strong cost rallies. During the time of writing, the DOGE cost hikes 35%, and SHIB skyrocketed 50 plusPercent within the preceding month.
