Crypto Fear & Greed Index hits lowest score since FTX, ETH whale moves $50M

The past 24-hours have been green for Bitcoin, yet most of the narratives are not favorable. As BTC’s price edges toward $60,000, the Crypto Fear & Greed index hits its lowest score since after the FTX collapse. Speaking of FTX, two former executives at the defunct exchange have been given their sentencing dates. In other news, the governor of the Bank of Italy has discussed upcoming crypto guidelines. He said Bitcoin and Ether have “no intrinsic value” and may be used for money laundering and terrorist financing. And to wrap up this busy episode, an Ether whale withdrew $50 million in ETH from Binance ahead of expected US-based spot ETF launches.Further reading:Bitcoin sellers are trying to keep BTC price below $60KCrypto Fear & Greed Index hits lowest level since January 2023Sentencing for ex-FTX execs set for October, NovemberBank of Italy to release crypto guidelines in ‘coming days’ — GovernorWhale transfers $50M in ETH amid ETF anticipationSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.