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.