BitDigest November 24 · Issue #791
Nov 24, 2020
Author
- Bitcoin looking to break $19,000 as ether jump above $600
- The US may have overlooked the ability to seize millions of dollars in forked coins as part of the recent $1 billion Silk Road seizure
- The IRS is issuing incorrect tax discrepancy statements to Coinbase traders
Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies remains in the “extreme greed” zone and is up 2 points to 88 since last week, but has fallen 2 points over the past 24-hours. Over the past 7 days, the index has fluctuated between 86 and 94 as it attempts to regain the June 2019 all-time-high of 95. Unlike prior periods where retail investors drove the run-up in bitcoin, I expect activity to weaken with the index stable over the shortened US holiday week as institutional traders lean to “hodl.”
