Crypto market capitalization nears $2.2 trillion...BTC dominance at 53%. Fear and Greed Index at 79, entering extreme greed territory.
The total cryptocurrency market capitalization reached $2.19 trillion as of Nov. 27 (local time), up 4.21% in the past 24 hours, according to CoinGecko data. Compared to last year, it is up 94.81%. BTC's market capitalization is $1.7 trillion, and its dominance (bitcoin's market capitalization as a percentage of all cryptocurrencies) is 53.01% on TradingView. Meanwhile, according to Whale Alert, around 995 BTC were temporarily transferred from a Coinbase wallet on the U.S. cryptocurrency exchange to an anonymous bitcoin wallet 1Et6b8hXqhzPcPJhcJ5qVi9X5tBQeL6Ybj at around 0:04 UTC on November 27. That's worth about $54.35 million. Typically, when a cryptocurrency moves from an exchange to a private wallet, it indicates a holding.
Cryptocurrency data provider Alternative's self-estimated "Fear-Greed Index" rose to 79, up seven points from the previous day. Sentiment improved, moving from the greedy stage to the extreme greed stage. The index is a measure of extreme fear in the market, with a reading closer to zero indicating extreme fear and a reading closer to 100 indicating extreme optimism. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), bitcoin market capitalization (10%), and Google searches (10%).
