BitDigest October 27 · Issue #771
- Bitcoin holding above $13,000
- PBoC says that DCEP will work with AliPay and WeChat Pay platforms
- EU Parliament rejects the creation of a crypto loss compensation fund
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies moved up 5 points this week into the ‘greed’ range at 61, but this upward move is actually a decline of 14 points over the past 24-hours. On last week’s announcement from PayPal and additional statements from investor Paul Tudor Jones, the Crypto Fear & Greed Index had jumped over 10% entering the 70 ‘excessive greed’ range. This sudden drop appears related to weakening sentiment in the DeFi sector following the $24 million hack at Harvest Finance.
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