Daily Crypto Update: Fear & Greed Index Hit Greed After Months

The crypto market has entered a bullish trend, with top crypto leading by example. Bitcoin, Ethereum, and other big names gained considerable value in the past 24 hours.

Even the Fear and Greed Index has finally reached Greed after months of stagnation. According to Cointree, the metric has hit 65, showing growing Greed among traders. Even meme coins like SHIB and DOGE are making giant strides in market growth.

Besides TRON, every crypto within the top 10 ranks trailed in the green on Monday. Here is a quick overview of the overall crypto market with the latest developments.

Bitcoin

The market leader has finally broken into the 65k-dollar zone after weeks. The world’s largest crypto is trading at 65,191 dollars, with a 2.13% growth in 24 hours.

Its weekly performance chart also shows a 4.49% growth. Analysts expect BTC to surge further and hit all-time highs in the coming months. Bitcoin even witnessed positive results in the spot ETF arena, racking up $556 million in inflows for the first time since June.

Historical data indicates that BTC is well positioned for an eventual jump.

Ethereum

Ethereum has been outperforming Bitcoin for the past week. On Monday, the second-biggest cryptocurrency secured a 2.91% growth to test the 2,600-dollar mark.

It is currently trading at 2,593 dollars, with a weekly surge of 6.92%. The coin is expected to hit the 3,000-dollar mark before the year ends. Even its spot ETF inflows have reached 17 million dollars. Similar to BTC, ETH is well-positioned for a major push.

Dogecoin

DOGE became the best-performing asset within the top 10 ranks on Monday. The original meme token registered a 24-hour growth of 3.76%.

It has breached the 0.11 dollar mark and is trading at 0.1157 dollars. Its seven-day performance rivals that of Ethereum and Solana, showing its growing demand among traders.

Even then, Dogecoin is still not the most desired meme coin in the market.

BOOK OF MEME

As the name suggests, BOME or BOOK OF MEME is a meme token that shadowed every other meme coin on Monday. BOME gained over 20.23% in 24 hours and currently trades at 0.016 dollars.

Its weekly growth is a whopping 60.92%, while its monthly performance is also 67.21%. It is anticipated that meme coins will experience a surge in value during October, with other tokens also experiencing a similar increase. Even BOME has now entered the top 100 ranks, currently at 98. 

cat in a dogs world

MEW, or cats in a dogs world, also registered a 17.49% growth in 24 hours. The coin is trading at 0.008553 dollars with a weekly surge of 26.10%.

Its monthly growth eclipses that of BOME with a whopping 97% uptick. Similar to BOME, MEW has also breached the top 100 ranks, currently at #90. The SOL-based meme coin is expected to expand even further in October.