Weekly report (25th Jul

Weekly report (25th Jul - 1st Aug)

Snapshots

Ending July with improved investor sentiment. The Crypto Fear and Greed index showed a sign of significant improvement when investor sentiment became extremely fear on July 21 and showed signs of increasing again. Until the first day of August, sentiment was at "Greed", and increased by 50 points within 10 days. So let's take a look at what happened in the crypto market has influenced investor sentiment.

Source: alternative.me

Again, when looking at the chart of S&P indices including the S&P 500 index and two newly launched indices of crypto by S&P, the S&P Cryptocurrency and the S&P Bitcoin. Since the beginning of 2021 until now, although crypto and Bitcoin performance have fluctuated extremely strongly, since the Bitcoin Crash on May 19, the crypto market has experienced a downtrend period and reached a bottom exactly 2 months on July 19. However, despite the extreme volatility, when looking at the return of the indexes, the S&P crypto and S&P Bitcoin have outperformed fourth time the S&P 500 with 75.25% and 17.02% respectively.

In terms of S&P crypto indices, Dogecoin was out of the list of 243 digital assets by S&P. It is the most controversial phenomenal in the zany boom times of meme coin season.

Source: spglobal.com

The death cross happened on May 15 when 25-day moving average line cross 99-day moving average line, it signals a long-term bear market for 2 months. Bitcoin's price dropped from the top of $64.854 to $29.000 on July 21, cause volatility of more than 220 %. July 21 seems to be a dark day of the month, but the price of Bitcoin recovered after that and 25-day moving average line seems to move up. Whether the golden cross will happen next month which signals a next bull market?

Source: Binance.com

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