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Fear Index at 23 While Ethereum Posts Strong Weekly Gain

Nick Petrov·
Fear Index at 23 While Ethereum Posts Strong Weekly Gain
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Bitcoin trades at 62761 dollars after a 4.79 percent weekly advance. Ethereum posted the largest seven-day move among major coins at 12.26 percent, reaching 1764.66 dollars.

Broader Market Overview

Several assets posted positive weekly changes. BNB advanced 2.81 percent to 571.74 dollars. TRON gained 0.78 percent reaching 0.3245 dollars. Solana increased 14.45 percent over the week even as it dropped 2.53 percent in the latest day to 80.48 dollars. Market capitalization totals 2.26 trillion dollars while daily trading volume reached 51.71 billion dollars. Bitcoin dominance measures 55.71 percent and Ethereum dominance 9.43 percent. Tether maintained its peg at 0.9991 dollars with daily volume exceeding 32 billion dollars. USDC volume hit 6.01 billion dollars over the same period.

Current Sentiment Level

The fear and greed index stands at 23 in extreme fear territory after a one-point rise from 22. This classification has remained consistent in recent readings.

Extreme fear conditions often correspond with more conservative approaches to position sizing in both trading and betting activities.

TVL Figures from DefiLlama

Prediction market protocols display varied TVL levels in the latest update. Polymarket International leads at 385.20 million dollars. Rain follows at 28.86 million dollars. Predict Fun reports 21.23 million dollars. OPINION holds 4.64 million dollars. Sport.fun sits at 2.81 million dollars. Gnosis Protocol v1 increased to 1.93 million dollars with a 7.07 percent weekly rise. Overtime stands at 1.78 million dollars after a 1.35 percent gain. Augur reached 1.41 million dollars with an 11.54 percent weekly increase. Azuro lists at 1.30 million dollars. Liquidity House reports 1.20 million dollars.

Casino Industry Developments

  • Michigan Gaming Control Board terminates NCPG membership due to Kalshi affiliation.
  • Alberta announces new advertising rules effective before July 13.
  • New Zealand establishes timeline for iGaming licensing.
  • Hub88 incorporates provably fair games from MadLab Gaming.
  • Market for iGaming platforms expected to hit 248.95 billion dollars by 2030.

Stablecoin volumes such as 32.74 billion dollars in Tether transfers over twenty-four hours provide ongoing liquidity support. Selective gains in higher-beta assets like Solana and Ethereum suggest that certain participants continue to engage despite the prevailing sentiment reading of extreme fear. This environment may encourage shifts toward bonus hunting strategies among active users. Daily volumes across the broader market remain elevated even as the fear gauge lingers near its current level.

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