– Bitcoin has surged 10% in the past seven days, potentially signaling the start of a new bull market
– The Bitcoin Fear & Greed Index has shifted to the “greed” zone after 10 months in the “fear” zone
– A class-action lawsuit has been filed against Argo Blockchain for allegedly misrepresenting pre-IPO finances to investors
The cryptocurrency market is abuzz with news of a potential new bull market, as Bitcoin has surged 10% in the past seven days. This significant increase has investors speculating that a new bull run could be on the horizon, and could bring a much-needed boost to the market.
At the same time, the Bitcoin Fear & Greed Index has shifted to the “greed” zone after 10 months in the “fear” zone. This indicates that investors are feeling more optimistic about the cryptocurrency market, and could potentially trigger a new wave of investment. The index is based on market momentum, volatility, volume and social media buzz, and is used by traders to assess the current state of the market.
In addition to the positive news, a class-action lawsuit has been filed against Argo Blockchain, a Bitcoin mining company. The lawsuit claims that the firm had misled investors prior to its Initial Public Offering (IPO) in September 2021. Investors allege that the record materials related to the IPO had included false facts and had not complied with relevant laws and regulations.
Overall, the cryptocurrency market appears to be on the upswing, with Bitcoin’s recent price increase and the shift of the Fear & Greed Index into the “greed” zone. Investors should keep an eye out for any further developments regarding the Argo Blockchain lawsuit as it could have a significant effect on the market. In the meantime, it appears that the market is well-positioned for a potential bull run in the near future.