Market update

UTC 20:11 | 07/08/25

Pakistan time 01:11 | 08/08/25

UTC is essentially the world clock. A simple way to calculate Pakistan time is to add five hours to UTC. At night, the date may change, as it did here from August 7 to August 8.

The Fear and Greed Index is at 54, which has gone slightly up. This means people's sentiment is leaning slightly towards greed from neutral. This number is derived from five factors. The first is volatility, meaning how quickly prices are moving up and down. The second is momentum and volume, which refers to how quickly trading is happening. The third is what people are saying on social media. The fourth is Bitcoin dominance, which indicates Bitcoin's share in the entire market. The fifth is Google trends, which shows how many times people are searching for the term crypto. This data can be misleading as trends can be created on social media, volume can be fake, and small news can sway the index. The correct way to observe this is to check the index daily, compare today’s number with yesterday and the day before, and understand the trend of the chart.

BTC Dominance is at 61.43 percent, which has decreased by 0.41 percent. Dominance means calculating Bitcoin's market cap divided by the total crypto market cap to get a percentage. When this number is low, it indicates that altcoins are performing better. When it is high, it means more money is flowing into Bitcoin. This gives an indication of whether the market prefers to take risks or stay safe.