The crypto fear and greed index dropped to the fear zone of 34 this week as Bitcoin and other cryptocurrencies experienced their worst week of the year. Bitcoin moved below $26,000, while Ethereum, Cardano, and Oasis Network also slipped, bringing the total market cap to $1.02 trillion. The fear and greed index is one of the most prominent sentiment gauges in the financial market and looks at important gauges like the CBOE VIX index, put and call options, and stock price breadth.The crypto fear and greed index usually rises when Bitcoin and other cryptocurrencies are rising and retreats sharply when Bitcoin and Co are falling. Analysts believe that cryptocurrencies will bounce back in the coming weeks as most big Bitcoin holders have continued holding their positions and have not sold during the recent sell-off.Chancer, a new company seeking to disrupt the fast-growing and highly popular sports betting and prediction industry, has raised over $1.66 million from investors in the past few weeks. The industry was estimated worth over $91 billion in 2023 and is expected to have a compounded annual growth rate (CAGR) of 10% by 2030 to over $245 billion. Chancer is aiming to become the biggest player in the industry by using blockchain technology and the $CHANCER token. Holders of the token will have important privileges like making decisions in the ecosystem and making money by creating markets and livestreaming them.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
Dan Morehead, William Hill |
| Companies |
CBOE VIX index, Pantera Capital, Chancer, FanDuel, DraftKings, BetMGM, Caesars, Bwin, Bet365, William Hill, Decentralized Autonomous Organization (DAO). |
| Currencies |
Bitcoin, Ethereum, Oasis Network, Cardano, CHANCER |
| Securities |
None |
