Before you reading, Don't miss coins like PEPE again! Click here to find new PEPEs!
The cryptocurrency market is showing signs of greed returning, with Bitcoin struggling to surpass the $64,000 level. Major meme coins such as Dogecoin and Shiba Inu have seen a decrease in their gains, while Solana-based cryptocurrencies Dogwifhat and AIBonk have also recorded losses. Despite the overall market sentiment, some cryptocurrencies like Monero and Avalanche have managed to post significant gains.
Greed Returns to the Crypto Market
According to the "Fear and Greed" index, the cryptocurrency market is once again dominated by greed. However, this excitement might be premature as Bitcoin, the leading cryptocurrency, is still struggling to surpass the $64,000 level. This significant sentiment shift comes after a massive drop to the $56,000 level last week due to growing concerns about stagflation and high Bitcoin ETF outflows. However, recent economic data seems to have alleviated the stagnation concerns, suggesting that the US Federal Reserve might start cutting interest rates in September following a recent jobs report. Moreover, Grayscale's GBTC recently recorded its first inflows since its launch.
Major Meme Coins Struggle to Maintain Momentum
Some of the major meme coins have pared their gains, struggling to maintain their momentum. At press time, Dogecoin is the only major cryptocurrency... Read the full article for FREE at COINOTAG!
DogeHome
Crypto Intelligence
Crypto Intelligence News
