BitDigest December 1 · Issue #794

• Bitcoin tops 2017 high, sets eyes on $20,000
• ECB President warns stablecoins are threat to current banking system
• Trump’s Spy Chief warns SEC that China’s leading role in digital currencies could harm US companies

Crypto Fear and Greed Index

The Fear & Greed Index for bitcoin and other large cryptocurrencies followed bitcoin’s new high yesterday to reach its own all-time index high of 95. The index recovered from Thanksgiving weakness in the high eighties jumping 7 points yesterday after falling to last weeks level with crypto’s 12% sell off.   A 95 certainly signifies sentiment is at the extreme greed level, but hodler greed running to 50k+ BTC levels may allow this value to be maintained for the foreseeable future.

Ethereum 2.0 is Here

While I avoid discussing technical attributes of different blockchain protocols, it should be noted that today marks a milestone in the evolution of Ethereum with the release of Ethereum 2.0’s proof-of-stake beacon chain signifying the start of a move away from proof-of-work and perceived high cost mining.

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Market Data

Exchange, Custody and Product News

Digital Diversions