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  • Fear & Greed Index hits 63 as Bitcoin, ETH, and SOL rebound

    Fear & Greed Index hits 63 as Bitcoin, ETH, and SOL rebound

    Fear & Greed Index hits 62 as Bitcoin, ETH, and SOL rebound

    • Fear & Greed Index hits 63, up from “Neutral” the day before.
    • Profit-taking among short-term BTC holders has eased.
    • Analysts see potential for BTC breakout toward $125,000.

    Bitcoin regained ground above $114,000 on Thursday, marking a return in investor confidence after a volatile weekend triggered short-term jitters across the cryptocurrency market.

    As sentiment improved, the Crypto Fear & Greed Index climbed to 63 — a level that signals “Greed” — suggesting traders anticipate further upside despite recent turbulence.

    The bounce follows Bitcoin’s decline to $112,000 over the weekend, down from its mid-July peak of $123,100.

    However, the modest 1% rebound over the past 24 hours to $114,961 has shifted outlooks among both traders and analysts, who now see signs of short-term stability.

    Bitcoin price
    Source: CoinMarketCap

    Broader market rebounds with ETH up 2.52%, SOL up 3.26%

    The wider digital asset market mirrored Bitcoin’s move. Ether (ETH) gained 2.52% in the past 24 hours to trade at $3,724, while XRP (XRP) rose 1.87% to $2.99.

    Solana (SOL) posted the strongest performance among major altcoins, climbing 3.24% to $169.56.

    The change in market direction coincided with a cooling off in profit-taking by short-term Bitcoin holders.

    According to experts, this group—defined as those holding for less than 155 days—has significantly reduced its selling activity since earlier this week.

    This reduction in sell pressure is seen as one reason behind Bitcoin’s ability to reclaim price levels lost during the weekend drop.

    Market watchers suggest that fewer short-term exits often signal a return to confidence, especially when prices are inching higher after a correction.

    Analysts eye potential for Bitcoin breakout above resistance

    Crypto analysts have responded to the sentiment shift by highlighting a potential bullish breakout.

    Several trading desks tracking Bitcoin’s price action noted that the asset is once again testing a key resistance zone.

    This pattern of consolidation near the upper range is often seen ahead of upward breakouts, particularly when supported by improving sentiment indicators like the Fear & Greed Index.

    Historical price behaviour also shows that when Bitcoin holds above psychological levels such as $110,000 after a sharp dip, it tends to attract renewed buying interest from both retail and institutional participants, increasing the likelihood of a continuation in upward momentum over the short term.

    Crypto market regains momentum amid reduced profit-taking

    The shift in sentiment, now back in the “Greed” zone, is closely watched as an early indicator of investor mood and market trajectory.

    Thursday’s reading of 63 represents a notable recovery from the previous day’s “Neutral” rating, underlining how quickly outlooks can change in the crypto sector.

    Bitcoin’s gradual rebound and ETH and SOL’s stronger rallies suggest that investors may see the latest uptick as the start of a broader recovery, rather than a brief relief rally.

    Much will now depend on whether Bitcoin can break above its current resistance level and establish a new short-term trend.

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  • Franklin Templeton launches a Bitcoin and Ethereum index ETF

    Franklin Templeton launches a Bitcoin and Ethereum index ETF

    Franklin Templeton launches a Bitcoin and Ethereum index ETF

    • Franklin Templeton has launched EZPZ ETF tracking Bitcoin and Ether.
    • The EZPZ ETF is the second US crypto index ETF.
    • The other crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ).

    Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH).

    Announced on February 20, 2025, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14.

    The Franklin Bitcoin and Ether Index ETF

    The EZPZ fund is designed to track the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks.

    As of its launch date, the index allocates approximately 87% of its weighting to Bitcoin — currently priced at $98,706 — while Ether, valued at $2,755, accounts for about 13%.

    Franklin Templeton has emphasized that this ETF offers a streamlined way for investors to gain exposure to these leading digital assets without the complexities of directly purchasing and managing them.

    Looking ahead, Franklin Templeton plans to expand the fund’s holdings as additional cryptocurrencies are incorporated into the underlying index, subject to regulatory approval. This forward-thinking approach positions EZPZ as a potential “one-stop-shop” for US investors seeking a diversified crypto portfolio through a single investment vehicle.

    The launch of EZPZ comes amid a wave of cryptocurrency ETF developments in the US. Hashdex’s NCIQ, trading on the Nasdaq, similarly focuses on Bitcoin and Ether with plans to broaden its scope over time.

    The broader market has also seen a surge in ETF filings throughout 2024, with asset managers submitting proposals for funds tied to altcoins such as Solana (SOL), XRP, and Litecoin (LTC).

    In October, NYSE Arca sought approval to list a Grayscale ETF based on the Grayscale Digital Large Cap Fund, a diversified crypto portfolio established in 2018 that includes Bitcoin, Ether, Solana, and XRP, among others.

    Additionally, Bitwise recently filed for a 10 Crypto Index Fund ETF with the SEC, further underscoring the growing demand for crypto investment vehicles.

    Analysts at Bloomberg Intelligence have expressed optimism about the regulatory outlook, suggesting “relatively high odds of approval across the board” for these new crypto ETF proposals. This momentum highlights a pivotal moment for the integration of digital assets into traditional finance, offering investors more accessible and regulated options to participate in the crypto market.

    Franklin Templeton’s entry into the crypto ETF space with EZPZ signals both the firm’s confidence in the maturing digital asset ecosystem and the increasing appetite among mainstream investors for cryptocurrency exposure. As the index evolves and regulatory hurdles are cleared, EZPZ could pave the way for broader adoption of crypto-focused ETFs, bridging the gap between conventional investment strategies and the rapidly expanding world of blockchain-based assets.

    For now, the fund stands as a milestone in making Bitcoin and Ether more accessible to US investors, with the promise of further growth on the horizon.

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  • Cboe to launch first cash-settled Bitcoin index options

    Cboe to launch first cash-settled Bitcoin index options

    Cboe to launch first cash-settled Bitcoin index options
    • Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2.
    • The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs.
    • Mini options and customizable FLEX options will also be available at launch.

    Cboe Global Markets, a leader in the derivatives and securities exchange network, has announced plans to launch the first cash-settled index options tied to the price of spot Bitcoin.

    The new offering, set to go live on December 2, 2024, will be based on the Cboe Bitcoin US ETF Index (CBTX), marking a significant development in the world of cryptocurrency derivatives.

    The CBTX index, a modified market cap-weighted benchmark developed by Cboe Labs and Cboe Global Indices, is designed to track the performance of a basket of Bitcoin exchange-traded funds (ETFs) listed on US exchanges. The index aims to offer indirect exposure to spot Bitcoin by reflecting the performance of these ETFs, providing investors with a way to gain exposure to Bitcoin’s price movements without directly holding the asset.

    The upcoming options will be listed exclusively on the Cboe Options Exchange, regulated by the US Securities and Exchange Commission (SEC), and will be cash-settled at expiration. This means that positions will be closed in cash rather than requiring physical delivery of Bitcoin ETFs, simplifying the process for traders.

    In addition, these options will feature European-style exercise, meaning they can only be exercised on the expiration date, eliminating the risk of early assignment.

    To further broaden market access, Cboe will also offer mini options (MBTX) at launch. These options will be one-tenth the notional value of the standard options, offering greater flexibility for smaller portfolios and more granular risk management.

    Additionally, Cboe plans to introduce cash-settled FLEX options for both CBTX and MBTX, allowing traders to customize key contract terms, such as exercise price, style, and expiration date.

    Rob Hocking, Global Head of Product Innovation at Cboe, highlighted that the new options products are designed to meet the growing demand for efficient exposure to Bitcoin.

    The launch aligns with Cboe’s broader digital assets strategy, which includes Bitcoin and Ether futures, and aims to provide both institutional and retail investors with innovative tools to capitalize on or hedge against Bitcoin price movements.

    This move underscores Cboe’s commitment to expanding its crypto derivatives offerings and strengthening its position as a leading venue for crypto-related trading products.

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  • Crypto Fear and Greed Index hits 30, lowest level in 18 months

    Crypto Fear and Greed Index hits 30, lowest level in 18 months

    • Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30.
    • This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months.

    The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years.

    While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year.

    Crypto Fear & Greed Index drop to 30

    As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone.

    The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s most shocking collapse so far – the implosion of the FTX crypto exchange.

    Crypto Fear & Greed Index score is 30, now in “Fear” zone. Source: Alternative.me

    In May this year, Bitcoin price fell to lows of $56,500 and the index’s score dipped from neutral to fear.

    A bounce in price saw sentiment improve significantly to push the Fear & Greed Index to 74. “Greed” dominated then as Bitcoin broke above $71k, but that score flipped neutral and within hours on June 24, reached the 30 mark.

    Mt. Gox repayments and German government selling

    Catalysts for the latest declines include the Mt.Gox repayments news.

    A notice on Monday indicated that the exchange will begin repaying customers who’ve waited since the 2014 hack. Mt.Gox customers will receive Bitcoin and Bitcoin Cash. 

    Over $8.5 billion worth of BTC is with the exchange’s trustee. In April, analysts at K33 Research warned that Mt.Gox’ Bitcoin repayments could impact prices.

    Also attracting negative sentiment is the selling of Bitcoin by the German government. After sending 1,700 BTC to exchanges last week, including Coinbase and Kraken, Germany is at it again. 

    On Tuesday, Lookonchain shared on-chain data tracking wallets linked to the 50,000 BTC seizure the German government made early this year. The details show another 400 BTC deposited in CEXs.

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  • Crypto Fear and Greed Index Points to Bitcoin Price Path to $40K

    Crypto Fear and Greed Index Points to Bitcoin Price Path to $40K

    Crypto fear and greed index has moved to the greed area ahead of the upcoming Bitcoin options expiry. Bitcoin price was trading at $30,392 on Wednesday, where it has been in the past few days. This price is a few points below the year-to-date high of $31,478. At its peak, the coin jumped by more than 104% from the lowest level in 2022.

    Fear and greed index points to greed

    The crypto fear and greed index has made a strong recovery in the past few weeks. It has moved from the fear zone of 41 to the greed area of 62. This means that investors are getting modestly greedy helped by the recent ETF news. The most recent Bitcoin news came on Tuesday when Fidelity announced that it had filed its ETF proposal with the SEC.

    Investors believe that a spot ETF will lead to more demand for Bitcoin from institutional investors. Still, this view should be taken with a grain of salt since ProShares Bitcoin Strategy ETF (BITO) has had modest growth in the past few years. It now has about $1 billion in assets. While BITO tracks Bitcoin futures, it has a close correlation with Bitcoin itself.

    The fear and greed index points to more upside for Bitcoin since investors tend to buy it when there is greed in the market. Perhaps, these gains will happen ahead or after the upcoming Bitcoin options expiry scheduled for Friday this week. 

    Data shows that most of these options are calls with a strike price of about $30,000. This explains why Bitcoin has barely moved this week.

    Bitcoin price prediction

    A good technical analysis can help you predict the next price action of a cryptocurrency or other assets. Turning to the daily chart, we see that Bitcoin is oscillating at the 50% Fibonacci Retracement level. This is an important level that traders look at.

    At the same time, this is an important price since it was the highest point on April 14th. Most importantly, the coin has formed what looks like a bullish pennant pattern. Therefore, there is a likelihood that the price will soon have a bullish breakout as buyers target the next key level at $35,000. This price is about 15% above the current level. A move above this level will see it jump to the next resistance point at $40,000.

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  • Bitcoin price prediction as the US dollar index plummets

    Bitcoin price prediction as the US dollar index plummets

    • Bitcoin price has been in a tight range in the past few weeks.

    • Bitcoin’s fear and greed index has dropped to the fear level of 25.

    • The US dollar index has plummeted to $103.

    Bitcoin price has held in a tight range even as the US dollar index (DXY) has plunged to the lowest level since June. BTC/USD was trading at $16,858, where it has been in the past few days. This price is more than 70% below its all-time high of near $70,000.

    US dollar index crashes

    Bitcoin and the US dollar have had a strong inverse relationship in the past few years. In most cases, Bitcoin rises when the greenback retreats. 

    Recently, this inverse correlation has faded as Bitcoin and the US dollar have continued dropping. The US dollar index has plunged from the year-to-date high of over $115. 

    It has crashed in the past few months even after the relatively hawkish Federal Reserve. In its December meeting, the Fed decided to hike interest rates by 0.50% after hiking by 0.75% in the previous four meetings. You can read more about the Fed decision here.

    The Fed also hinted that it will continue increasing interest rates in the coming months. Recent numbers are supportive of higher rates. For example, data published last week revealed that the economy expanded by 3% in the third quarter after slumping in the previous two straight quarters. 

    Additional data revealed that inflation is falling at a relatively slower pace. On Friday, the Fed’s favourite inflation gauge showed that it dropped in November as gasoline prices eased. 

    Bitcoin price has also dropped as the fear and greed index has remained under pressure. The closely watched Bitcoin fear gauge remains below 30, meaning that investors are fearful about the state of the market.

    In my view, the most accurate fear gauge is outflows. Binance has had outflows worth over $9 billion in the past 30 days. Similarly, the leading crypto banks like Silvergate have had some of their biggest outflows on record.

    Bitcoin price prediction

    BTC/USD chart by TradingView

    So, is it safe to buy Bitcoin? The 4H chart shows that the BTC price has been in a tight range in the past few weeks. It is hovering at the 16,800 level, where it has been this month. Bitcoin’s Relative Strength Index (RSI) has moved close to the neutral point of 50.

    Therefore, despite the collapse of the US dollar index, there is a likelihood that it will soon have a bearish breakout. If this happens, the next key support level to watch will be at $15,435, the lowest level in 2022. A breakdown below that level will mean that there are still more sellers in the market.

    How to buy Bitcoin

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


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    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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  • Bitcoin price prediction as fear and greed index improves

    Bitcoin price prediction as fear and greed index improves

    • BTC has been in a consolidation phase in the past few days.

    • Bitcoin’s fear and greed index has moved to the fear level.

    • The broad fear index by CNN Money is still in the greed zone.

    Bitcoin price remained under intense pressure as concerns about the crypto industry continued. It was trading at $16,516 on Tuesday, where it has been in the past few days. This price is a few points above this month’s low of $15,733. The BTC/GBP and BTC/EUR have also been consolidation phase as well.

    FTX and Alameda contagion continues

    Bitcoin and other cryptocurrencies have been on edge following the collapse of FTX. At its peak, the company was the second biggest cryptocurrency exchange in the world after Binance. It was also seen as a savior of the blockchain industry as the founder made significant investments in a struggling company.

    The contagion in the industry has continued. On Monday, BlockFi, a struggling crypto lender, filed for bankruptcy after the collapse of FTX. FTX had reached a definitive agreement to acquire the company, as we wrote in this report.

    Other companies are struggling as well. For example, over 150 firms have applied for financing from a fund created by Binance and other large players. At the same time, Digital Currency Group (DCG) has hired restructuring experts as its portfolio companies come under pressure.

    Crypto fear and greed index improves

    Bitcoin price has been in a tight range as the cryptocurrency fear and greed index improves. According to AlternativeMe, the fear and greed index was at the fear level of 26 on Tuesday, which was higher than last week’s extreme fear of 22. 

    The fear and greed index is an important gauge in the crypto industry since it measures the overall sentiment of the coin. It looks at key data like Google Trends, market dominance, and social media activity.

    On the other hand, the broader CNN Money fear and greed index remained at the greed level of 59. Key numbers like stock price strength, stock price breadth, and put and call options are at the greed level. Bitcoin tends to do well in periods of sustained greed.

    Bitcoin price forecast

            Bitcoin chart by TradingView

    The daily chart shows that the BTC price has been under intense pressure in the past few months. It remains slightly below the important support level at $17,606, which was the lowest level in June. The coin has also moved below all moving averages. It has also formed what looks like a bearish pennant pattern.

    Therefore, the coin will likely have a bearish breakout as sellers target the next key support at $15,000. A drop below that support means that the coin has higher chance of falling to $10,000.

    How to buy Bitcoin

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

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