BitDigest March 2 · Issue #852

Mar 2, 2021
  • Bitcoin and ether trading back at $49,000 and $1,570 respectively
  • New York’s Attorney General issues separate crypto warnings to investors and operating businesses
  • Goldman Sachs looking to offer bitcoin trading to institutional clients
BitDigest March 2 · Issue #852

Sorry, but Coinmarketcap.com API’s are not linking this morning. Hopefully the daily chart will return tomorrow.
The premium to NAV returned positive for Grayscale’s Bitcoin Trust (OTCQX: GBTC) and Ethereum Trust (OTCQX: ETHE) but remains negative for Canada’s Purpose Bitcoin ETF (TSE: BTCC.U).

Crypto Fear & Greed Index

The Fear & Greed Index for bitcoin and other large cryptocurrencies is at 78 after falling and recovering from a 5 month low of 38 as bitcoin closed at $45,000 to end February. Surprisingly, the index did not drop as much as expected last week when bitcoin slipped to a similar level and after sliding from the mid 90s posting in a neutral range between 50 and 60 for most of the week.

🅱️ It appears this index is more weighted to the closing price of bitcoin than daily trading ranges.

BitDigest March 2 · Issue #852

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