By Shikha Singh
Crypto Greed Index Taps 7-Month High As Bitcoin Surges Past $81K.
The Crypto Fear & Greed Index reached its highest level of “Extreme Greed” in nearly seven months on Nov. 10, as Bitcoin hit a new all-time high of $81,358. The index scored 78/100, driven by factors like market volatility, trading volume, social media sentiment, and Bitcoin’s dominance. This marks the first time since April 2023 that the index has been in the “Extreme Greed” zone (75-100). Over the past week, the score fluctuated between 70 and 78, with Bitcoin’s price rallying around 6.15% before cooling slightly to $80,182.
Shiba Inu Enters Top 10 by Surpassing TRX, TON Following Weekend Surge.
Shiba Inu (SHIB) surged over the weekend, reaching a $14 billion market cap, ranking it 10th by market cap. This marked a 70% price increase in the past week, with 12.5% gains in the last 24 hours. SHIB has risen 44021689.3% from its 2020 low, despite still being 70% below its all-time high. The rally coincided with Donald Trump’s presidential win, boosting broader crypto sentiment. SHIB’s success is also part of a meme coin resurgence, with Dogecoin (DOGE) now the 6th largest cryptocurrency.
Semler Scientific Continues Strategic Bitcoin Investment, Increasing Stake to 1,058 BTC.
Semler Scientific, a medical diagnostics company, has become the 17th-largest corporate Bitcoin holder after acquiring an additional 47 BTC for $3 million. Its total Bitcoin holdings now stand at 1,058 BTC, worth around $80 million as of November 8. Despite a 17% drop in Q3 revenue, Semler remains focused on Bitcoin acquisition, seeing it as a strategic asset to boost stakeholder value. The company plans to continue purchasing Bitcoin using operating cash and funds from its at-the-market (ATM) sales program.
ENS Token Rises 10% as ENS Labs Announces ‘Namechain’ Ethereum L2.
The ENS token surged over 10% after ENS Labs unveiled Namechain, a new Ethereum Layer 2 solution to scale blockchain identity and reduce registration costs. Namechain will work with ENSv2 for easier name management. Despite briefly spiking to $21.56, the token fell back to $19.22.
ENS simplifies Ethereum addresses into readable names like “Vitalik.eth.” The.eth domain will remain on the Ethereum mainnet, with Layer 2 support for better user experience. In September, ENS also integrated with PayPal and Venmo for crypto transfers to 270 million U.S. users.
You need to login in order to Like
