Crypto News 11/27: The mood in the Bitcoin market is in “extreme fear” as the price drops below $ 55,000 along with news from Matrixswap, xHashtag, Busha, Wilder World

From the perception that the Bitcoin market is in “extreme fear” to the MAS, which gave the green light to two Bitcoin funds in Singapore. Here are some highlights from the crypto market.

Bitcoin news

Bitcoin (BTC) has stabilized near $ 55,000 after falling $ 6,000 in just one day. However, the market still appears to be shocked by this sharp decline.

According to the Fear & Greed Index, sentiment on November 27 is currently at its worst level since late September. The indicator is from the “neutral” zone to the straight “” zone.

Fear & Greed uses several factors to compute a standard sentiment score for the cryptocurrency market on a scale of 1-100. It is currently at 21 points. This score has more than halved from the previous position of 47 within 24 hours.

Bitcoin fear and greed indicator | Source: alternative.me

Investor and entrepreneur Alistair Milne noted that “extreme fear” is likely not the appropriate response to BTC / USD trading at $ 54,000. In fact, the spot Bitcoin price was last at this level in mid-October, Fear & Greed was in zone 78 – the area of ​​”extreme greed”.

On September 30, when the indicator last hit the 21/100 mark, BTC / USD was trading at around $ 43,800 on Bitstamp.

Fintonia launches two Bitcoin funds for professional investors in Singapore.

The Monetary Authority of Singapore (MAS) has green light for two Bitcoin funds for institutional investors.

In response to the growing demand for digital asset funds, Singaporean fund manager Fintonia Group has announced the launch of two institutional funds that aim to track the performance of major cryptocurrencies.

Fintonia Bitcoin Physical Fund and Fintonia Secured Yield Fund are two new products offered by a financial services company regulated by the Monetary Authority of Singapore (MAS).

News matrix swap

Matrixswap (MATRIX) became debut Beta mainnet for Matrixswap Perpetual DEX v1.

The Matrixswap Perpetual DEX v1 Mainnet Beta is now officially live. Matrixswap uses a vAMM architecture that offers users leveraged trading and unlimited on-chain liquidity.

Matrixswap will initially be used on Polygon, the Ethereum Layer 2 blockchain, later Matrixswap will also be extended to Cardano and Polkadot.

News xHashtag

xHashtag (XTAG) received the investment and entered into a strategic partnership with KuCoin Labs.

According to the announcement, xHashtag has entered into a strategic partnership with KuCoin Labs. In addition, xHashtag received investments from KuCoin Labs to build its DAO infrastructure.

xHashtag is the DAO that is changing the way we work in the future. It is performing XTAG IDO on SolRazr today, November 26th.

https://twitter.com/xhashtagio/status/1464205275536130049?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

news

Busha, Nigeria’s cryptocurrency exchange, Has mobilize Raised $ 4.2 million in a recent investment round. According to the exchange, the funds will be used to expand its activities across Africa.

As reported by Disrupt Africa, Jump Capital led the way. Other investors are Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital …

Busha Co-Founder and CEO Michael Adeyeri said the exchange’s immediate mission is to get a million Africans into the crypto economy.

Wilder World News

Wilder World (WILD) announced the release of the NFT property WilderCribs.

The first release of WilderCribs NFT on Wiami is scheduled for November 30th. The whitelist has been opened and will end on November 27 at 7:00 p.m. (UTC).

WilderCribs is a real estate issuer from Wilder Nation, consisting of 108 luxury apartments, which were built as NFTs, spread over 39 floors, with an NFT issue price of 501 WILD + gas fees.

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