Cryptocurrencies Price Prediction: Cryptos, Bitcoin & Solana – American Wrap 18 October
Crypto: From fear to greed in one week
The crypto market has gained around 8% over the past seven days, stabilising near $2.30 trillion over this week and reaching a capitalisation of $2.32 trillion at the time of writing on Friday. The sentiment index is firmly in greed territory at 73. This is the highest level of optimism since late July and contrasts sharply with fear (32) a week earlier.
Bitcoin price trades broadly stable on the day after briefly touching $68,300, less than 10% away from its all-time high. Since the beginning of the week, the largest cryptocurrency made steady gains of more than 7%.
Solana (SOL) price increases more than 2% on Friday, tracking the broad gains seen among the main cryptocurrencies, as its community discusses on social media the progress in the development of a new validator, Firedancer, that could boost the blockchain’s performance.
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