Crypto Fear & Greed Index hits lowest score since FTX, ETH whale moves $50M

The past 24-hours have been green for Bitcoin, yet most of the narratives are not favorable. As BTC’s price edges toward $60,000, the Crypto Fear & Greed index hits its lowest score since after the FTX collapse. Speaking of FTX, two former executives at the defunct exchange have been given their sentencing dates. In other news, the governor of the Bank of Italy has discussed upcoming crypto guidelines. He said Bitcoin and Ether have “no intrinsic value” and may be used for money laundering and terrorist financing. And to wrap up this busy episode, an Ether whale withdrew $50 million in ETH from Binance ahead of expected US-based spot ETF launches.

Further reading:

• Bitcoin sellers are trying to keep BTC price below $60K
• Crypto Fear & Greed Index hits lowest level since January 2023
• Sentencing for ex-FTX execs set for October, November
• Bank of Italy to release crypto guidelines in ‘coming days’ — Governor
• Whale transfers $50M in ETH amid ETF anticipation

So, grab yourself a coffee, and let’s get into it!

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