• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Digital Assets

Crypto Market Sentiment Improves as Fear, Greed Index Rises to 52% in Q2 2023

by Techeconomy
July 20, 2023
in Digital Assets
0
crypto exchange
crypto exchange

Female manager selling cryptocurrencies through mobile phone app. Stock market, investment and cryptocurrencies concept (Female manager selling cryptocurrencies through mobile phone app. Stock market, investment and cryptocurrencies concept, ASCII, 12

UBA
Advertisements

By; OLIVIA NNOROM

In the second quarter (Q2) of 2023, the Fear and Greed Index for cryptocurrencies increased from an initial level of around 30 in Q1 to 52 per cent, indicating an improved market sentiment. 

This information was extracted from a report by CoinMarketCap, a digital asset price-tracking platform, which analysed market behaviour during this period. 

The report highlighted several significant events, including the rise of Bitcoin ETFs triggered by BlackRock’s filing for a spot Bitcoin-Traded Fund. Various financial giants such as Ark Invest, Fidelity Digital, Valkyrie, VanEck, and 21 Shares also sought approval for similar Bitcoin ETFs from the US Securities and Exchange Commission. 

The report also highlighted a surge in liquid staking derivatives (LSDs) due to the Ethereum Shapells upgrade in April, where LSD platforms secured over one-third of Ethereum’s total value staked.

Other notable events included the emergence of projects focused on on-chain trading of real-world assets, the introduction of Decentralised Physical Infrastructure solutions, increased usage of Zero-knowledge Sync solutions, and the inception of platforms enabling the restaking of staked ether.

However, the crypto market in second quarter lacked strong market narratives compared to the first quarter, which saw the doubling of Bitcoin’s price, the rise of layer-2 protocols, and a more active non-fungible token (NFT) market. 

Although there was a growing trend in Memecoins and BRC-20 tokens, they did not generate the same level of excitement as in the previous quarter. 

According to the report, the total market cap at the end of Q2 reached $1.17 trillion, representing a 48% year-on-year increase, but most of this growth occurred in Q1.

The report also noted a significant decline in the total spot trading volume of the top 20 crypto exchanges, which dropped by 19.5% from Q1 to 2023 Q2. 

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: Crypto market
Techeconomy

Techeconomy

Next Post
Nigeria’s Mycover.ai has Raised $1.25m Pre-seed Funding …What’s Next?

Nigeria’s Mycover.ai has Raised $1.25m Pre-seed Funding ...What's Next?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Small business

What’s the Worth of Your Small Business Data?

1 year ago
MTN Nigeria donates N1billion and 4600 devices to FG | digital tablets

MTN Nigeria Backs FG’s Food Support Programme with N1bn, 4600 Digital Devices

11 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.