BitDigest May 11 · Issue #899

• Crypto prices struggling to break $2.5 trillion level
• Indonesia looking to impose capital gains tax on crypto trading
• Kazakhstan releases roadmap for crypto industry

Crypto Fear & Greed Index

The Fear & Greed Index for bitcoin and other large cryptocurrencies dropped to a 6 day low falling 9 points since yesterday as crypto prices weaken following the general market sell off and Elon Musk’s dogecoin (DOGE) comments. The index remains in a ‘Greed’ range with a print of 61. I expect this range to hold as prices are likely to remain soft for the remainder of the week as US investors look to sell crypto to pay taxes ahead of next week’s IRS tax deadline.

The Headlines

Market Data

Thoughts on the Ecosystem

Daily Cartoon