Bitcoin Oversold, Crypto Fear and Greed Index in ‘Extreme Fear’ Territory
The cryptocurrency fear and greed index remains in “extreme fear” territory according to FxPro, but ignores the optimism in recent hours. Meanwhile, BTC appears to be oversold on the charts, which typically precedes a short-term upswing in price. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Bitcoin Stabilizes Amid Terra Luna Ecosystem Collapse
A wild week for bitcoin as the collapse of Terra’s algorithmic stablecoin TerraUSD (UST) and luna (LUNA) token continues its ripple effects on the crypto industry. CoinDesk’s Brad Keoun and Christie Harkin review the week’s top stories moving the markets.
Terra’s LUNA Sacrifice; Australian Crypto ETFs Launch
Terra sacrifices LUNA to save UST peg. Crypto market tumbles in response to inflation data and Terra fiasco. Australia’s first Bitcoin and Ethereum spot ETFs go live. South Korea hopes to institutionalize crypto by 2024. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Michael Saylor Suggests MicroStrategy Will Never Sell its Bitcoin
Even as bitcoin's price has fallen 50% from its highs, MicroStrategy CEO Michael Saylor tweeted that there's almost no price low enough at which his business analytics software company would be forced to sell bitcoin. "The Hash" squad discusses Saylor's investment strategy, outlook and the concerns raised about possible margin calls.
TradeStation Exec on Bitcoin Dip Amid Hawkish Fed Policy
TradeStation Group VP of Market Intelligence David Russell discusses the decline in risk appetite from investors as the Federal Reserve continues to deploy hawkish monetary policy, possibly stimulating bitcoin’s recent price drop.