Daily Crypto Update: Fear & Greed Index Greed After Weeks

The crypto market showed signs of life on Tuesday after a sluggish start. After weeks, the industry has finally reached the “Greed” limit on the Fear & Greed Index.

According to Cointree, the metric is placed at 59, indicating moderate Greed. The top cryptos showcased the same, with Bitcoin gaining 1.73% value in 24 hours. Solana, Doge, and Cardano followed the crypto with considerable 24-hour growth.

Altcoins and memecoins like Sei, Bitcoin, and Dogwifhat also made significant strides to entice traders. Here’s a quick overview of the crypto market, including the best cryptos to invest in at the moment. 

Bitcoin

On Tuesday, the world’s largest cryptocurrency accumulated 1.73% growth to reach the 64k-dollar mark.

Its 7-day performance shows a surge of 6.54%, with the crypto trading at 64,241 dollars. In terms of market development, the market was surprised to see a prehistoric wallet moving BTCs mined back in 2009. 

Its first major support is placed at 63,577 dollars, while its first major resistance is at 64,923 dollars. Given the stable movements, BTC is expected to trade within the window today.

Ethereum

Ethereum failed to match Bitcoin’s pace, accruing a dip of 0.17%. The coin is stable, with a whopping 13.15% weekly growth.

ETH is currently trading at $2,622 and is eyeing the 2,800-dollar mark before the weekend. US ETFs, which saw the largest 1-day outflows, were a major factor in ETH’s sluggish day.

The coin finds major support at 2,609 dollars, while its resistance level is at $2,680. It is expected to test the resistance level in the next 24 hours.

Cardano

ADA, or Cardano, managed to enter the top 10 cryptos after a long break. The coin gained 6.62% value, pushing TRON out of the rankings.

Its weekly growth of 15% outpaces every other top crypto in the top 10 rankings. ADA is currently trading at 0.3871 dollars and is eyeing the 0.5-dollar mark. Analysts predict another boost for Cardano, with Hoskinson set to meet Argentinian President Milei for ADA adoption.

Given the circumstances, ADA holders are holding the coin, anticipating another major surge. 

Sei

SEI outperformed every other known crypto on Tuesday with a 24.16% daily growth. It has surpassed Cardano’s market value and is trading at $0.4563.

Its weekly growth has also crossed the 60% mark, making it one of the most profitable assets. A 194% jump in 24-hour volume has also helped SEI dominate the altcoin market. The coin is expected to maintain its growth for another week.

Notcoin

NOT, or Notcoin, also overtook many of its competitors with a 14.81% boost in 24 hours. The coin is currently trading at 0.008702 dollars, with a weekly growth of 14%.

Despite starting as a viral Telegram game, NOT has accumulated a loyal user base. NOT has also witnessed a 68% surge in its 24-hour trading volume, pushing the coin’s market price.