PANews reported on November 15 that, according to Alternative data, the cryptocurrency fear and greed index is 10 today (compared to 16 yesterday), the lowest level since February 27. The average for last week was 20, indicating that the market remains in a state of "extreme fear".
According to Coingecko data, the current total market capitalization of cryptocurrencies has fallen to approximately $33,000, a 24-hour drop of 2.8%.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
