Mooners and Shakers: Bitcoin up, US dollar down, crypto sentiment flips… neutral

It’s a choppy but generally green day in the crypto market today, with Bitcoin reclaiming support above US$43k over the past 24 hours.

Meanwhile, the US dollar index (DXY) looks like it might be starting to lose some strength. Nothing too drastic yet, but it’s down about 0.47% compared with where it was five days ago.

Bitcoin and crypto, as most Coinheads will know, tend to inversely correlate to the performance of the US dollar. Not always… but often.

And wouldn’t you know it, the crypto Fear & Greed Index has finally moved out of the “fear” and “extreme fear” zones, and has moved just to the right of the dial for the first time in several weeks.

Courageous traders and investors like to buy “when there’s blood on the streets”, down in the fearful areas, but this sentiment gauge is some indication that a level of confidence is, for the moment, returning to the market.

The crazy 2016 Bitfinex-BTC-hackers story might be dominating Crypto Twitter over the past day or so, but there’s certainly also been plenty of bullish news floating about to feed a more confident mood.

Top 10 overview

XRP is the double-digit winner among top coins today, continuing its good mood from yesterday amid growing vibes for a positive outcome in the SEC vs Ripple Labs legal drama.

SEC VS RIPPLE WRAPPED UP IN APRIL? LET'S SEE.😎🔥👀#XRP #XRPCOMMUITY #XRPARMY #RELISTXRP https://t.co/STS0djxGIo

— DJ Peter Vas (35k) (@PeterVas6) February 9, 2022

Winners and losers: 11–100

Sweeping a market-cap range of about US$23 billion to about US$1 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.

DAILY PUMPERS

• Kadena (KDA), (market cap: US$1.58b) +17%

• Waves (WAVES), (mc: US$1.87b) +16%

• Flow (FLOW), (mc: US$2.63b) +15.5%

• Arweave (AR), (mc: US$2b) +12%

• Shiba Inu (SHIB), (mc: US$18.45b) +11.5%

DAILY SLUMPERS (only two in the red in the top 100 at the time of writing)

Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…

DAILY PUMPERS

• Fancy Games (FNC), (market cap: US$35.75m) +60%

• Tomb Shares (TSHARE), (mc: US$376m) +40%

• Smooth Love Potion (SLP), (mc: US$907m) +39%

• Bonfida (FIDA), (mc: US$136.4m) +31%

• Redacted Cartel (BTRFLY), (mc: US$290m) +28%

Leading the entire crypto market’s top gainers at the time of writing is Fancy Games. The indie gaming studio is building a suite of P2E games in the “casual mobile gaming” sub-category, and is all set to launch its flagship title “Fancy Birds“, playable from February 16.

Check out our latest Q&A with Mike Merritt, one of the project’s founders, here.

DAILY SLUMPERS

• ShibaDoge (SHIBDOGE), (market cap: US$119m) -12%

• Qi DAO (QI), (mc: US$47m) -10%

• Hopr (HOPR), (mc: US$46m) -9%

• Crypterium (CRPT), (mc: US$28m) -9%

• Lido DAO (LDO), (mc: US$189m) -6%

Final words

https://t.co/5Cst0S8QTT

— Jason (@Jxson42) February 9, 2022

Long term?? This is FUD.

— Will (@WClementeIII) February 9, 2022

Do you think my new Cryptopunk looks like me? ❤️😛 pic.twitter.com/qE4njfYiuT

— Heidi Klum (@heidiklum) February 9, 2022