 ▲ Source: Alternative |
As of 10:32 am on June 30 (Korean time), the Bitcoin (BTC) price rose 0.3% over the past 24 hours based on CoinGecko.
The two-seamer also improved slightly. Cryptocurrency data provider Alternative's self-estimated 'fear and greed index' recorded 47, up 17 points from the previous day. The two-seam pitch improved and went from fearful to neutral.
The closer the index is to 0, the more extreme market fear it is, and the closer it is to 100, the more extreme optimism it is. The fear and greed index is based on volatility (25%), transaction volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market capitalization weight (10%), and Google search volume (10%). It is calculated as
Bitcoin is currently trading at $60,942.
According to WooBlockchain, QCP Capital, a Singapore-based cryptocurrency trading company, said, “The cryptocurrency market must handle not only government agencies but also selling volumes from Mt. Gox. For this reason, BTC can test the $50,000 range. “In our view, we think the potential selling volume is exaggerated and the market will move sideways in the range.”
