The Bitcoin price (BTC) in the United States Friday morning rebounded at around $ 84,000 after a dive of one night in the $ 78,000 area, but remains more than 15% more than 15% compared to its level only a week ago.
The Crypto Fear & Greed index during the night has dropped to 10 – a level not seen from the depths of the 2022 bear market – but also rebounded, now residing at 16 years old. It’s always in the “Extreme Fear” range below last week (in the “GREED” range). The levels above 75 are considered to be “extreme greed” and the index has not been there since the time of the inauguration of Trump.
Even with Friday gain, bitcoin is more than 1% lower than 24 hours ago and the wider index of Coindesk 20 is down approximately 2%.
Solana (soil), at 5%, while the CME announced its intention to add future soil to its crypto platform, by 5%.
Weekend mixtures
All the main stock markets, of course, are closed on weekends. Even the currencies, praised for decades as a market that never sleeps, actually stops between Friday and Sunday evening. Crypto, however, does not have such a break, but traders could be forgiven to claim one.
A few weeks ago, Geoff Kendrick of Standard Charterd stressed that weekends had not been nice for lately. While last weekend was very modestly positive for the largest crypto in the world, the trend before that was a drop in prices, often sharply.
“Will risk assets really rally [this] The weekend now, we had the bad news, “asked Kendrick in a note on Friday morning. His answer is likely that they would not do it.
A hand against the tide is that they may well. After all, the macro risk – at least as defined by President Trump’s pricing position could be fully assessed. He promised that 25% of prices would start for Mexico and Canada and 10% for China next Tuesday. How could things get worse? Will he hit them at 50%?
Instead, the prices having fallen so far (the stock markets have also tripped this week), this could be the most risky bears in the next 48 hours if – for example – an agreement considerably avoiding or delaying prices should be reached.
Close.
