🥛 Crypto's feeling greedy 🤑

PLUS: Coinbase enters the Top 50 🏅                                                                                                                                                                                                                                                                                                                                                                                                                 March 05, 2024 | [Read Online]( Today’s edition is brought to you by [LMNT]( – an electrolyte drink mix with everything you need & nothing you don't. No sugar. No artificial ingredients. No fillers. [Receive a free LMNT sample pack with any order.]( GM. This is Milk Road. Think of us as your crypto news barista – we know your order, and yes, we add the extra shot of clarity. Here’s what we got for you today: - Fear & greed hits 90! 📊 - Coinbase enters the Top 50 🏅 - Coming soon: more volatility 👀 - Solana is breaking records 🍪 [Prices as of 12:00 PM ET. Click here for our Fear & Greed Index]( FEAR & GREED HITS 90! 📊 The [fear & greed (F&G) index]( is one of our favorite things to look at. It’s a good way to understand how the market is “feeling.” Here’s how it works: - Each day, there’s a new number - It ranges from 1 (extreme fear) —> 100 (extreme greed) - How is it calculated? - 25% Volatility (looking at 30 & 90-day average drawdowns) - 25% Market volume (again, looking at 30 & 90-day averages) - 15% Social media mentions - 15% Surveys - 10% Market dominance (BTC vs. Altcoins) - 10% Google Trends search volume - 15% Concentrated Power Of Will™️ Well, the F&G index just did something I failed to do on any high school math test… scored a 90! Why this matters: This is the first time the F&G index hit 90+ since 2021. The last time it did? It stayed above 90 for a few months (green dots below) and BTC ended up rallying from $15K → $60K. [Source: @introcryptoverse]( We’ll see what happens this time around. [DRINK MORE WATER IS BAD ADVICE]( We all know drinking water is important. But your body needs a lot more than water to stay hydrated. Think — electrolytes. Think [LMNT](. When you sweat, you lose essential electrolytes like sodium — causing muscle cramps and fatigue. The easy switch: starting your day with electrolyte-based hydration. You can enjoy LMNT’s zero-sugar electrolyte drinks whether you’re sweating earnings at market opening, checking Bitcoin prices in the late hours of the evening, or for more traditional things like your morning/evening workout. It fits any scenario. LMNT’s science-backed ratio delivers the optimal dose of electrolytes, without spiking your sugar levels. Best yet? [Milk Road readers can get a free sample pack with any purchase!]( COINBASE ENTERS THE TOP 50 🏅 LOOK! Up in the sky… Person 1: “It’s a bird!” Person 2: “No! It’s a plane!” Milk Man: “Nahhh, that’s just Coinbase flying through the App Store!” That’s right. The U.S. crypto exchange has been on a roll lately… - It started the year ranked #489. AKA “participation ribbon” status. - Today, it’s ranked #49. [Source: The Block]( Why this matters: It’s the first time [Coinbase]( has been ranked in the Top 50 since February 2022. Retail is back, baby! COMING SOON: MORE VOLATILITY 👀 Check it out. There’s something called the “[DVOL Index](.” - The index was created by the crypto exchange Deribit. - It’s calculated using the exchange’s option order book and tries to predict [BTC’s]( volatility over the next 30 days. Well, the DVOL has jumped from 40% → 76% over the last month. [Source: Deribit]( Buckle up. It looks like we could be in for some volatility over the next month. Remember, crypto is like a mechanical bull at a bar. It’s all fun and games till the bull throws the drunk girl off and she pukes. BITE-SIZED COOKIES FOR THE ROAD 🍪 [Hashlock, a cybersecurity firm, provides smart contract audits and other security services to web3 and blockchain projects.]( Hashlock is rapidly building a solid portfolio of completed audits, and you can read more about their services in [our review!](* [Solana’s weekly DeFi trading volume hit $11B last week](. That’s a new weekly record! [The SEC delayed its decision on BlackRock’s ETH ETF (again)](. The move was largely expected. Most analysts believe that a decision to either green light or postpone the launch of the ETH ETFs won’t come until May. [MicroStrategy is looking to raise $600M in financing through convertible notes](. The company said it would use it “to acquire additional bitcoin and for general corporate purposes.” [Ethereum gas fees are skyrocketing](. To put things in perspective, the [average fee]( to complete an NFT transaction on Ethereum hit ~$370 at certain points yesterday. [Some Coinbase users had a “zero balance” glitch on their accounts yesterday](. I guess there’s a 2-for-1 special going on because the same thing happened last week… [Deutsche Boerse (the operator of Germany’s largest stock exchange) is launching a crypto trading platform for institutional clients](. It will offer a fully regulated ecosystem for trading, settlement, and custody of crypto assets. *This is sponsored content MILKY MEMES 🤣 [Source: @KirbyLarp]( [Source: @alancarroII]( [Source: @TheBTCTherapist]( RATE TODAY’S EDITION What'd you think of today's edition? [🥛🥛🥛🥛🥛 F**king great]( [🥛🥛🥛 Meh, do better]( [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving Milk Road's 2024 Bull Run Survival Guide. [Milk Road's 2024 Bull Run Survival Guide]( [Click to Share]( Or copy and paste this link to others: ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] Mar 5, 2024 0 Likes 0 Retweets 0 Replies DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. [tw]( [ig]( [yt]( [tk]( [in]( Interested in reaching smart readers like you?  [Sponsor Milk Road]( Update your email preferences or unsubscribe [here]( © 2024 Milk Road Inc. 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States