Cryptocurrency Market Review 09/16/2024

Fear and Greed Index:

• Current value: 39 (Fear). This means that the market is in a state of caution, but not panic.

Altcoin Weekly Index:

• Value: 22 (this is Bitcoin's week). The Altcoin Index has fallen from its previous value. This indicates that altcoins are losing their dominance and investors are switching to BTC.

Capital Inflows and Outflows:

• Largest Capital Inflows:

o WBTC: $5.427M

o $POL : $576.763K

o $NEAR : $517.777K

• Largest Capital Outflows:

o #ETH : $24.530M

o #BTC : $8.675M

o STETH: $1.600M

Conclusion:

The cryptocurrency market is currently showing a state of fear and caution, which is reflected in the decline in the price of most assets. The Altcoin Weekly Index dropped to 22, which suggests that the current week is mainly focused on Bitcoin. It is important to consider the RSI to analyze possible movements: SUI is in the overbought zone, which indicates the possibility of a correction, while most other cryptocurrencies remain in the neutral zone or weak zone of strength.

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