India, Aug. 24 -- Bitcoin has inched close to $80k and cryptocurrencies are trading firmly in the green amidst a mixed global market scenario.
The CMC Crypto Fear and Greed Index that tracks sentiment in the crypto market has surged to the Extreme Greed zone with a rise to a level of 81. The index was at 78 (Greed) a day ago and 40 (Neutral) a week earlier.
The large, short liquidations in the market supported the surge in cryptocurrency prices. Short positions of $204 million were liquidated during the past 24 hours. Including liquidation of long positions amounting to $157 million, the aggregate liquidations stood at $361 million during the 24-hour period.
Amidst the cascade of short liquidations, overall crypto market capitalization h...