Tag: CRYPTOS FoxBusiness

CoinMarketCap’s cryptocurrency fear and greed index measured a level of 72. This value indicates that the trend of greed continues in the cryptocurrency market. The index is used to measure the general sentiment of market participants; a value closer to zero indicates extreme fear, while a value closer to 100 indicates extreme optimism.

According to CoinMarketCap data, the index being at 72 indicates that investor sentiment remains positive. However, it is noted that the indicator alone is not a tool for determining the future direction of the market and should be evaluated in conjunction with other market data.

The fear and greed indicator is calculated by combining different market and investor behaviors. The price movements of the top 10 cryptocurrencies by market capitalization play a significant role in the calculation. Market volatility is also among the index’s components.

CoinMarketCap also uses data from derivative markets in its calculations. Indicators such as the put/call ratio are used to assess investors’ risk-taking tendencies. The Stablecoin Supply Ratio (SSR) is also among the data included in the index calculation.

In addition, CoinMarketCap’s own search data is also used to measure investor interest. Thus, price movements, market volatility, derivatives data, stablecoin supply, and user searches are combined to create an indicator of overall market sentiment.

The index hovering around 72 indicates a significant level of optimism in the market during the current period.

*This is not investment advice.

While large whale transactions in the cryptocurrency market attracted attention, significant developments occurred in $PONS, $ZEC, and $HYPE. A whale selling millions of $PONS put pressure on the price, while another whale who opened a long position in $ZEC about a month ago saw their unrealized profit approaching $10 million. Hyperliquid, meanwhile, burned $2.42 million worth of $HYPE in the last 24 hours.

According to on-chain data, a whale sold 2.25 million $PONS tokens withdrawn from Binance for approximately $1.29 million worth of USDG and Ethereum. On the day of the large sell-off, the price of $PONS fell by 12 percent.

On the $ZEC side, a whale stood out, having opened a long position of 9,810 $ZEC approximately a month ago at an average price of $517.68. As the $ZEC price rose to $1,534.70, the investor’s unrealized profit reached $9.98 million. It was also noted that the same investor held a short position of 3,550 ETH, resulting in an unrealized loss of approximately $2.60 million.

Hyperliquid also continued its token burning operations to reduce its supply. Over the past 24 hours, the platform burned 26,310 $HYPE tokens at an average price of $91.86. The total value of the transaction was estimated at approximately $2.42 million.

Hyperliquid has burned a total of 48.76 million $HYPE tokens to date, with a current market value of approximately $4.50 billion. This amount represents 4.88% of $HYPE’s maximum supply. The platform’s revenue over the last 30 days reached $64.34 million, while its all-time total revenue stands at $1.26 billion.

*This is not investment advice.

With Bitcoin’s price once again climbing above critical technical levels, analyst PlanB offered a noteworthy assessment. PlanB stated that Bitcoin closed above the 50-week moving average, which is around $79,000, and that the next technical target is the 100-week moving average at approximately $89,000.

PlanB noted that Bitcoin was trading around $81,000, stating, “Bitcoin closed above the 50-week moving average. The next target is the 100-week moving average, around $89,000.”

The renowned analyst also stated that his assessment that the bear market in Bitcoin has ended is now clear. He noted that after August closed at $78,571, a recovery was observed in various market indicators, and pointed out that the percentage of Bitcoin supply in a profitable state increased from 50% to 72%.

In addition, the analyst noted that the monthly RSI indicator rose from 41 to 51, arguing that this data points to an improvement in market momentum. According to PlanB, these developments suggest that Bitcoin may have passed its bottom, and the technical outlook supports bullish expectations for the upcoming period.

*This is not investment advice.

As the wider crypto market saw a boom, so did the altcoin market, with the latter’s market capitalization hitting $222 billion for the first time in 8 months.

However, while altcoins may be showing some signs of life, their rally still lacks the power needed to ignite a full-blown altseason.

Altcoin traders need to put in more work

According to Glassnode, despite this surge in market capitalization, altcoin leverage is reportedly still below a level that would historically be considered a major risk threshold.

In simple words, traders have not yet piled into altcoin futures positions to an extent typically associated with overheated markets. This can be concluded by the fact that the altcoin futures open interest relative to Bitcoin [BTC] was around -10% to -15% at press time, still below the red risk-threshold line near parity.

Historically, spikes towards or above that threshold have coincided with periods when altcoin leverage became stretched, increasing the risk of sharp liquidations.

However, with the metric below that level right now, the derivatives market may be relatively less crowded. This means that there may still be room for altcoins to attract more speculative capital before leverage reaches historically elevated levels.

Previous $ATH and Bitcoin dominance stir the pot

This is also because the gap from previous all-time highs is significant. Bitcoin is still around 36% below its $ATH. Ethereum [ETH] is still approximately 47% below its $ATH.

Solana [SOL] remains around 61% below its $ATH. And, as expected, the broader altcoin market capitalization is still around 54% below its $ATH.

While the altcoin market has been struggling to gain momentum, Bitcoin’s dominance was still sitting at a healthy 59.19% at press time. This implied that Bitcoin still controls a majority of the crypto market’s total capitalization.

Is altcoin season incoming?

At the same time, the altcoin season index had a reading of 54 at press time, placing the market firmly between Bitcoin Season and Altcoin Season.

Unfortunately though, while the index has repeatedly climbed towards the 75+ zone, it has failed to sustain those levels for long. Hence, it’s been a while since a true altseason came by. In other words, while altcoins are gaining momentum, the market has not yet reached the breadth or consistency required for a confirmed altseason.

This was further confirmed by a recent report by AMBCrypto. It clearly highlighted that while altcoins may finally be breaking out after nearly two years of stagnation, a broad altseason is yet to arrive.

---

Final Summary

• Altcoin market cap’s surge and the altcoin season index hinted at an upcoming altcoin season.
• However, altcoin leverage lying still below a major risk threshold may be cause for concern.

One of the largest $XRP buying campaigns of the second half of 2026 is unfolding on the market. In just 96 hours, large investors have absorbed approximately 1.54 billion tokens from the market.

At the current exchange rate, this amount is valued at $2.2 billion. Against this backdrop, $2.00 per coin has once again become a tangible target.

Data from the analytics platform Santiment clearly confirms a sharp shift in sentiment among key network participants. The supply distribution chart shows a vertical surge in holdings. The combined balances of whale addresses have broken out of a prolonged plateau in just a few days and surged toward peak levels.

The buying spree comes amid the formation of a rare technical pattern, the inverse head and shoulders, on the daily $XRP/USD chart. The anatomy of this move is as follows:

• Defense zone: Large investors have established strong support around $1.33, forming a solid right shoulder of the pattern.
• Current base: The token’s price is currently holding around $1.40, demonstrating firm stability.
• Main barrier: The key resistance for buyers remains the neckline at $1.55.

The main barrier is $1.55. What happens if $XRP breaks through?

The market is successfully absorbing massive volumes of incoming liquidity. According to on-chain trackers, a large inflow of $XRP to the Binance exchange has been recorded. Under normal conditions, the arrival of such volumes on trading platforms triggers panic and a decline in prices.

However, the current aggressive buying demand is fully absorbing this supply. Tokens are being rapidly withdrawn from exchanges to cold wallets for long-term holding. This factor significantly reduces selling pressure and limits the risk of sudden sell-offs.

The fate of the large-scale rally is being decided within the current price range. If the current 96-hour momentum allows bulls to secure a daily close above the $1.55 resistance level, the bullish pattern will be confirmed. In that case, the technical setup could open a direct path for $XRP toward the psychological $2 mark.

• Matt Hougan says tokenization is entering a longer phase of financial adoption, comparing its early trajectory with NVIDIA’s AI rise.
• His view comes as the SEC opens a regulated route for tokenized stocks and S&P Global agrees to acquire OpenZeppelin.
• Together, the developments show how blockchain infrastructure is moving deeper into traditional markets while DeFi and onchain assets gain institutional attention.

  ---

Tokenization has moved closer to the center of U.S. financial-market development, giving Bitwise CIO Matt Hougan a fresh reason to compare the sector with the early stages of the artificial-intelligence boom. On September 17, Hougan argued that the world is moving onchain and described tokenization as a multi-year transformation rather than a short-lived market theme.

His comparison focuses on timing. ChatGPT launched in November 2022 while NVIDIA traded around $16. About a year later, NVIDIA had reached $46, a 176% increase, making the scale of the AI opportunity more visible. Hougan noted that NVIDIA now trades around $219 and used that progression to argue that recognizing a major shift does not mean the opportunity has already passed.

Tokenization is a mega trend. Just today, the SEC created a pathway for tokenized stocks to trade in the US, S&P acquired @OpenZeppelin, and DeFi assets are ripping. If you had doubts before, today should put them to rest. The world is moving onchain.

The thing about…

— Matt Hougan (@Matt_Hougan) September 17, 2026

For tokenization, he pointed to recent developments as evidence that adoption is moving beyond experimentation. The SEC’s latest action provides a regulated path for certain venues to trade tokenized U.S. stocks on blockchain-based infrastructure. The framework covers tokenized NMS stocks that preserve shareholder rights such as dividends and voting, while synthetic products that only track stock prices remain outside the exemption. Issuers also receive a 30-day period to object to third-party tokenization.

Tokenization Gains A U.S. Regulatory Path

The SEC’s temporary exemption lasts up to five years and applies under specific conditions, including limits around participating venues, securities and trading activity. The agency said the framework is intended to facilitate innovation while it considers broader policy. This creates a clearer lane for companies developing blockchain-based equity infrastructure.

The regulatory move arrived alongside S&P Global’s agreement to acquire OpenZeppelin, adding another institutional signal. OpenZeppelin’s smart-contract technology supports major stablecoins, tokenized funds and DeFi applications. The company says its contracts have facilitated more than $37 trillion in transferred value and that it has completed more than 900 security engagements.

NVIDIA Parallel Highlights Tokenization’s Early Stage

Hougan’s analogy rests on the idea that technology megatrends can continue expanding after investors first recognize them. He argues that tokenization has already attracted attention, but its broader financial impact may still be developing as regulated trading, security standards and institutional infrastructure converge.

The comparison does not establish that tokenization will follow NVIDIA’s price path. Instead, it highlights Hougan’s view that blockchain-based financial rails can become a long-duration market transition. As traditional financial firms add tokenized products and established infrastructure providers enter the sector, the onchain model is gaining more connections to conventional capital markets.