Fear and Greed is stuck at 29, total market cap is 2.50 trillion dollars, and Bitcoin dominance is 59.92 percent. Fear is not leaving the market. 😨
Alternative.me puts the Fear and Greed index at 29, firmly in Fear, unchanged from yesterday, while CoinGecko puts total crypto market cap at 2.50 trillion dollars, Bitcoin dominance at 59.92 percent and Ethereum dominance at 10.15 percent. 📊 Bitcoin is up 1.32 percent in 24 hours and the market cap is flat, which tells me the bounce is narrow, not broad, because money is not flowing back into the market, it is just rotating inside it. My reading is that fear at 29 after a green night is a warning, because real bottoms usually come with panic first and then fear fading, and here fear is simply sitting still while price bounces.
Does fear drop under 25 into PPI Friday, or does it climb back above 35 first? 🤔
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