![]() ![]() Second, the Fed Chairman said that crypto seems to have staying power in his testimony to Congress. European firms have applied for custody services while their American counterparts have made plans for Bitcoin ETFs. Companies like Credit Agricole, Blackrock, Deutsche Bank and Invesco have all made crypto announcements this week. First, these tokens are rising because of the ongoing entry of traditional finance to the crypto industry. There are two main reasons why ZIL and FLOKI are soaring. Bitcoin itself has soared by over 20% after bottoming on Friday last week. In fact, a quick look at most cryptocurrencies shows that they have jumped in the past few days. ![]() There is nothing internal about Floki Inu and Zilliqa that is pushing their prices high. The Nasdaq 100 and S&P 500 indices have all jumped to their highest levels in months as the CNN Money fear and greed index moved to the extreme greed area of 75. The same us true for other assets like stocks. In most periods, cryptocurrencies tend to do well in periods when investors are greedy. As I wrote on Wednesday, the fear and greed index has moved to the extreme greed zone. ![]() Fear and greed index risesĬryptocurrencies like Zillliqa and Floki Inu have bounced back in the past few days as investors got a bit greedy in the market. Floki Inu price, on the other hand, jumped to $0.000029, the highest point since June 6th. ZIL token was trading at $0.018 on Thursday, about 22% above the lowest level this month. Zilliqa price is loitering near the highest point since June 10th as the crypto fear and greed index drifted upwards. ![]()
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