The cryptocurrency market is experiencing heightened fear, with the Fear & Greed Index dropping to 25, indicating extreme fear. Bitcoin's price has retreated to approximately $108,366 after reaching recent highs above $111,000. Despite this, institutional strength is evident as Galaxy Digital reported a strong Q3 with $505 million in net profit and $3.2 billion in equity.
The crypto ETF sector is expanding, with over 155 ETFs now tracking 35 assets, and more than 200 expected by year-end. Additionally, the U.S. Federal Reserve is increasingly recognizing crypto's role in payments, while retail adoption grows, exemplified by Bealls accepting crypto in over 660 stores. Meanwhile, PepeNode ($PEPENODE) is introducing a gamified approach to memecoin mining, raising $1.8–1.9 million in pre-sales.
Crypto Market Faces Fear as Bitcoin Dips; Institutional and ETF Growth Highlighted
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