Crypto Market Update: Fear and Greed Index Drops to 35

The crypto market experienced a downturn over the weekend, with Bitcoin’s price falling to $96,000 on Saturday. As a result, the market capitalization of all coins decreased to $3.1 trillion, causing the crypto fear and greed index to drop to 35. The altcoin season index also fell to 44, indicating a decline in investor sentiment.

Top-Performing Cryptocurrencies

Despite the overall market decline, a few cryptocurrencies stood out with notable price increases. These include:

  • Gods Unchained (GODS)
  • Safemoon (SFM)
  • Karat (KAT)
  • Bitgert (BRISE)

Gods Unchained (GODS) Surges Ahead of Battle Pass Season 1

Gods Unchained, a popular card game on the Immutable X layer-2 network, saw its price jump to a high of $0.30, representing a 212% increase from its lowest level this year. This rebound occurred ahead of the presale for Gods Unchained Battle Pass Season 1, scheduled to start on February 10. The game’s developers expect the upcoming season and rewards to incentivize more gamers, leading to a surge in its futures open interest to $9.30 million, its highest level since July last year.

Safemoon (SFM) Price Rises Amid Karony’s Trial Delay Request

Safemoon’s price surged by over 82%, giving it a market capitalization of over $36 million. This rebound followed former CEO John Karony’s request to delay his trial, citing upcoming policy changes by the Donald Trump administration. Karony and other Safemoon executives are charged with misappropriating investor funds, committing wire fraud, and money laundering.

Karat (KAT) Spikes After KIP 07 Vote Pass

Karat’s price soared by over 30%, making it one of the top-performing coins in the market. This rebound followed the passage of the KIP 07 vote, which indicates that the Karrat network will host a monthly UGC contest to encourage content creation and grow the ecosystem.

Bitgert (BRISE) Rises on Potential Partnerships

Bitgert’s token rose for the third consecutive day, reaching its highest level since January 20. This rebound was attributed to potential partnerships with companies like ChimpxAI, TonPoke, and Debitist.

Stay up-to-date with the latest cryptocurrency news and market updates on Global Crypto News.

Post Views: 1