The “Crypto Fear & Greed Index” is in “Fear” mode today.
Last week, the reading was a bit higher, but still in Fear mode.
I am happy to see that cryptos have been rallying recently, however, I remain cautious about the general market conditions.
In the short term, we can either see the continuation of the bullish trend or we can go back to lower prices.
Right now I am waiting to see what direction the market takes and then I will decide what changes to make to the portfolio.
Cryptos are still correlated to the stock market, at the moment.
So, in the short term I remain neutral, but in the long term (years) I am still bullish on Bitcoin, Ethereum and the crypto space!
FedWatch Tool
60% of investors are expecting the FED to increase the interest rates by 0.50% in the next meeting.
The remaining 40% are expecting a 0.75% rate increase.
No other options are considered at this stage.
1 month ago 81% of investors were expecting a 0.50% rate increase.
So, more investors are moving towards the 0.75% increase.
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