SPX6900

Donald Trump

World

World Liberty Financial (worldlibertyfinancial.com)

<p class="is-style-lead">It was a sea of green in the cryptocurrency industry as Bitcoin rose for two consecutive days, and the fear and greed index exited the fear zone.&nbsp;</p> 
<h2 class="wp-block-heading" id="moo-deng-neiro-spx6900-led-the-crypto-comeback">Moo Deng, Neiro, SPX6900 led the crypto comeback</h2> 
<p>Meme coins were some of the best-performing assets. Moo Deng (<a rel="" href="https://crypto.news/price/moo-deng/">MOODENG</a>), the new hippo-themed token, doubled, with its market cap rising to over $35 million.&nbsp;</p> 
<p>Neiro (<a href="https://crypto.news/price/neiro/" target="_blank">NEIRO</a>), another popular meme coin, jumped by 51.6% and reached an all-time high of $0.0015. Its market cap rose to over $621 million, making it more valuable than many well-known U.S. public companies like Beyond Meat, GoPro, and Spirit Airlines.</p> 
<p>The SPX6900 (<a rel="" href="https://crypto.news/price/spx6900/">SPX</a>), which aims to be a better version of the S&amp;P 500 index, rose by 46%, continuing the gains made last week. It has increased by over 46% in the last 24 hours, giving it a market cap of over $373 million.</p> 
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   <p lang="en" dir="ltr">dimethyltryptamine.eth spent 15.6 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($47K) to buy 3.64M <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SPX</a> 90 days ago, now worth $1.27M, a 26x return in just 3 months!<br><br>dimethyltryptamine.eth is a legend!<br><br>He spent only 0.125 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($251) to buy 5.9T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a>($100M at peak) and sold 3.94T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a> for 2,614 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($5M), leaving… <a rel="nofollow" href="https://t.co/6PsrrckIC9" target="_blank">pic.twitter.com/6PsrrckIC9</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1843254268020859361?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 7, 2024</a>
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<p>This price action happened as investors embraced a risk-on sentiment after last week’s strong <a href="https://crypto.news/bitcoin-hits-62k-as-ftx-token-beam-shiba-inu-soar-after-us-adds-254k-jobs-in-september/" target="_blank">US nonfarm payrolls data</a> and as China unveiled more stimulus. As a result, global stocks also bounced back, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng rising by over 2%.&nbsp;</p> 
<p> You might also like: <a rel="" href="https://crypto.news/popcat-hits-new-ath-with-19-surge-despite-mixed-signals/"> POPCAT hits new ATH with 19% surge despite mixed signals </a> </p> 
<h2 class="wp-block-heading" id="crypto-fear-and-greed-index-rises">Crypto fear and greed index rises</h2> 
<p>Meanwhile, the crypto fear and greed index exited the fear region, rising to a weekly high of 42. In most cases, cryptocurrencies perform well when investors are no longer fearful.</p> 
<p>The rebound also followed some positive news in the crypto industry. Metaplanet, a Japanese company, has continued to accumulate <a href="https://crypto.news/japans-metaplanet-adds-another-6-7m-to-their-btc-reserves/" target="_blank">accumulate Bitcoins</a> (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) as it seeks to replicate MicroStrategy’s success. MicroStrategy, which has accumulated over 252,000 coins worth $15.8 billion, has a market cap of over $33 billion, giving it a high premium.</p> 
<p>Additional data showed that the number of Bitcoin addresses holding over $1 million in Bitcoin has continued to rise. This is a sign of significant demand for the coin despite its recent performance.</p> 
<p>Donald Trump is also a factor in the ongoing comeback after he held a campaign rally with Elon Musk. <a rel="" href="https://crypto.news/trump-extends-lead-on-polymarket-after-pivotal-speech-with-elon-musk/">Polymarket data</a> shows that he has increased his lead against Kamala Harris, currently modeling a 51% chance of winning the upcoming presidential election.&nbsp;</p> 
<p>Trump is seen as a better candidate for the crypto industry because he has vowed to appoint crypto-friendly officials. He is also a key participant in the industry through his <a href="https://crypto.news/trump-america-will-become-crypto-capital-through-world-liberty-financial/" target="_blank">World Liberty Financial project</a>. Data <a href="https://platform.arkhamintelligence.com/explorer/entity/donald-trump" target="_blank" rel="nofollow">from Arkham</a> shows that he holds cryptocurrencies worth over $6.5 million.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/donald-trumps-world-libertyfi-full-red-flags-experts/"> Donald Trump bets on World Liberty Financial, experts say it’s a red flag </a> </p>

Moo Deng, Neiro, SPX6900 surge as fear and greed index hits 42

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