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Bitcoin Indicator Shifts to ‘Extreme Greed’ As Dominance Hits New High – BTC, Ethereum, XRP, Litecoin Forecasts

by Daily Hodl Staff
June 26, 2019
in Trading

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The crypto Fear and Greed Index is now in the “extreme greed” zone.

The Alternative.me index, created by developers and creators of Strawpoll.com and Thundercheck.org, analyzes market volatility, surveys and social media to determine the current overall sentiment of crypto traders. According to the creators of the index, when the needle gets greedy, the market is likely due for a correction.

Source: Alternative.me, June 26th

As the price of Bitcoin skyrockets, BTC’s dominance in the overall crypto market continues to soar and now stands at 61.46% according to CoinMarketCap.

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That’s the highest level of dominance the leading cryptocurrency has captured since April of 2017.

Source: CoinMarketCap

Technical analysts are scrambling to keep up with the frenetic pace of the crypto market. The overall market cap, which now stands at $386 billion, has increased a hefty $100 billion in the past seven days.

Here’s an overview of the most recent analysis on four of the leading cryptocurrencies by market cap.

Bitcoin

CoinDesk – Bitcoin’s price extends 2019 gains to new 17-month high

Ethereum

FXStreet – ETH/USD heading toward big game changing $400 barrier

[the_ad id=”36860″]

XRP

Coinspeaker – XRP/USD may beak out at $0.50 level

Litecoin

Blockonomi – LTC lagging behind as sellers take control

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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