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Has Crypto Fear Peaked? KAS, FLR, SKY Rise While Caution Lingers In Altcoin Season
Yahoo Finance· 2025-11-27 16:08
Market Overview - Extreme fear continues to dominate the crypto trading environment, with the Crypto Fear and Greed gauge rising to 18, only slightly above last week's low of 10, indicating significant market stress [1] - Bitcoin is trading above $90,000, reflecting a 4% increase over the past day, but remains in liquidation zones rather than entering new territory [1] Altcoin Performance - Most altcoins exhibit weak weekly charts, but a few, including Kaspa, Flare, and SKY, have shown double-digit gains despite market caution [2] - Kaspa is trading near $0.059, up approximately 16% in 24 hours, driven by heavy trading volume and open interest [2][3] Kaspa Insights - The interest in Kaspa is linked to its proof of work design, which targets fast confirmation times and parallel block production, maintaining miner engagement despite broader market weaknesses [3] - Liquidity on larger exchanges remains stable, supporting rotations between Bitcoin, stablecoins, and Kaspa, which helps the token retain intraday gains [3] Flare Insights - Flare's FLR token is trading near $0.015, up about 13% on the day, with 24-hour trading volume exceeding last week's average [4] - The interest in Flare is attributed to its focus on data feeds, cross-chain connectivity, and reward programs that incentivize holders and participants in staking [4][5] SKY Insights - SKY is trading near $0.047, reflecting an 11% increase in 24 hours, and is categorized within the smaller cap bracket, where price swings can be more pronounced during quieter market conditions [6]