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. The 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 among others.The total market cap dropped to $1.02 trillion as Bitcoin moved below $26,000 and other cryptocurrencies like Ethereum, Cardano, and Oasis Network also slipped. 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 company is aiming to become the biggest player in the industry and is powered by 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. Some analysts believe that the network could be a game changer if it works.

Information Details
Geography Global
Sentiment neutral
Relevance Score 8
People None
Companies CNN Money, CBOE VIX index, Pantera Capital, FanDuel, DraftKings, BetMGM, Caesars, Bwin, Bet365, William Hill, Chancer, Decentralized Autonomous Organization (DAO)
Currencies Bitcoin, Ethereum, Cardano, Oasis Network, CHANCER
Securities None

Leave a Reply