"Bitcoin's performance leads the traditional market, with BTC.D's total market capitalization accounting for 57.89. 》
1. This week, Bitcoin’s return rate surpassed that of the S&P 500, Nasdaq and Dow Jones Index, once again showing strong market appeal.
According to the latest data, the Cryptocurrency Fear and Greed Index reported 90 today, continuing to climb from yesterday’s 86, reflecting that market sentiment continues to be high and has remained in the “extreme greed” range for a week. This level is the same as the highest point on March 5 this year.
Note: The panic and greed index ranges from 0-100 and is calculated comprehensively from the following indicators:
Volatility (25%), market trading volume (25%), social media popularity (15%), market research (15%), Bitcoin market share (10%), Google search trends (10%).
2. The NFT market ushered in a strong rebound
This week's NFT transaction volume totaled US$179.48 million, a month-on-month increase of 90.74%.
Ethereum NFT: Transaction volume was US$67.72 million, an increase of 126.79%, ranking first.
Bitcoin NFT: The transaction volume was US$59.96 million, a month-on-month increase of 129.22%, ranking second.
Solana NFT: Transaction volume was US$24.39 million, an increase of 91.85%, ranking third.
3. Personal opinion:
Market sentiment will remain high in the short term, and some funds may flow to established altcoins, such as XRP, ADA, DOGE, XLM and SAND, which have performed well recently. At the same time, NFT trading volume is expected to continue to grow.