The crypto market pushes upwards as Bitcoin, Ethereum, and other larger cryptocurrencies are turning critical resistance points into support. ETH’s price currently leads the market recovery as it records a 40% profit in the past seven days trading at $1,500.
On the other hand, BTC’s price is more conservative but has begun recording important gains. At the time of writing, BTC trades at $22,800 with a 14% profit over the same period and is on track to securing further gains.
As a result of the bullish momentum, the Fear and Greed Index has broken out of its 74-day streak moving to extreme fear levels, according to a report from Arcane Research. Again, this confirms the profitability of taking long positions when this Index consolidates around those levels.
As seen in the chart below, the Crypto Fear and Greed Index has returned to its Q1 2022 levels. This indicator plummeted in May when the price of Bitcoin broke below the $30,000 barrier and into a multi-year low at around $17,500....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...