A few green candles in stock and crypto markets
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🟢 Ethereum recovery: ETH is bouncing back from last week’s dip.
🤗 Greed creeping in: The Fear and Greed Index is moving closer to “Greed” territory.
🚀 Pol (POL) surges: Up 8% overnight and 28% for the month, one of the few assets in the green this week.
📈 Stocks improve: Nasdaq and S&P 500 climb as tech earnings continue to impress, despite tariff noise.
Crypto markets are ticking higher this morning, with Ethereum notably continuing to claw back losses from last Friday’s dip across equity and crypto markets. Sentiment also seems to be improving, with the Fear and Greed Index edging closer to “Greed” after spending a few days in “Neutral.”
Bitcoin remains in a sideways pattern following new highs in July, entering what crypto analytics firm Glassnode describes as a low-liquidity “air gap” between $110,000 and current levels. “Opportunistic buying has emerged, but the market is yet to reclaim key resistance levels,” the firm noted in its latest newsletter.
In altcoins, among the standout movers is Pol (POL), up 8% overnight and now showing monthly gains of 28%. It’s one of the few crypto assets in the green over the past seven days.
Stock markets are also mostly in the green, buoyed by continued strong financials from major tech firms. The Nasdaq rose 1.2% overnight, while the S&P 500 added 0.7%. For now, markets appear to be shrugging off President Trump’s renewed tariff threats against India.
In the markets…
🌍 Total crypto market cap ↗️
The global crypto market cap is approximately $3.73 trillion, up 0.1% over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $114,768, up 0.54% in the last 24 h
Daily high: $115,663
Daily low: $113,794
📈 S&P 500 ↗️
SPY is currently up about 0.73% since yesterday’s close.
🥳 Fear & Greed Index
The Crypto Fear & Greed Index stands at 54/100, indicating a neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for BTC is approximately 52, in neutral territory.
Data is accurate as at 07:57 GMT, 07 August.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
