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Crypto Fear & Greed Index falls six points to 18, remaining in ‘Extreme Fear’ zone The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 18 as of April 9, down six points from the previous day. Amid weakened sentiment, the index stayed in the "Extreme Fear" zone. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear and greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%) and Google Trends (10%).

Bitcoin ETFs started the week with deep losses, recording outflows of $109 million, extending the decline to a third consecutive trading day. Meanwhile, Ethereum ETFs showed no activity, marking a rare day of complete quiet in trading. Bitcoin ETF Outflows Continue for Third Day as Ethereum Funds Falter The new week began with more losses for Bitcoin ETFs as outflows reached $109.21 million, dragging US spot ETFs to their third straight day of losses. Investor sentiment remained cautious, with capital continuing to leave even as trading volumes increased. Grayscale's GBTC was the biggest loser, losing $74.01 million. Invesco's BTCO followed with outflows of $12.86 million. The rest of the day's outflows came in small chunks: Wisdomtree's BTCW lost $6.23 million, Vaneck's HODL lost $6.10 million, Valkyrie's BRRR lost $5.32 million, and Ark 21shares' ARKB lost $4.69 million. The remaining six ETFs, including heavyweights like Blackrock's IBIT and Fidelity's FBTC, remained flat, with no inflow or outflow activity. Despite the downward outflows, trading volume remained strong. Total trading value reached $6.59 billion, a strong increase from Friday's $4.43 billion. However, total net assets for Bitcoin ETFs fell below the psychological $90 billion mark, reaching $87.86 billion. As for the Ethereum ETFs, it was a quiet day. All nine registered zero net flows, and not a single dollar was moved. After weeks of steady outflows, the silence could be a sign of hesitation or simply a lull before another inflow/outflow storm. With markets increasingly sensitive to macroeconomic and geopolitical uncertainty, including trade concerns, ETF flows could remain volatile throughout the week. $BTC

Arkham reports a trader lost $100M in a liquidation yesterday after holding the position for six years.

Arkham reports a trader lost $100M in a liquidation yesterday after holding the position for six years : THIS IS CRYPTO GUYZZZZZ 🙃

Ripple is urging the United Kingdom to expedite the establishment of clear and comprehensive cryptocurrency regulations with the aim of fully harnessing the nation’s fintech potential. The company argues the UK’s current pace hinders the digital asset sector and could cause it to lag behind faster-moving global financial centers. With long-awaited rules for crypto assets and stablecoins anticipated in the coming months, Ripple said that the UK is at its most important moment when it comes to the digital assets industry. While acknowledging the UK has the components to be a global digital asset leader – including strong financial services, foreign exchange, capital markets, and professional services sectors – Ripple points out that other jurisdictions are moving more rapidly. Neighboring jurisdictions like the European Union, as well as the more distant ones such as Singapore and Hong Kong, are advancing more rapidly with their crypto asset regulations, increasing pressure on the UK to act swiftly. It’s likely the reason Ripple is doing this is that it encountered reluctance from UK banks to engage with its services. In contrast, the firm had much better success in jurisdictions with well-defined regulations. At the beginning of this month, a coalition of six British digital economy trade bodies appealed to Prime Minister Keir Starmer’s government to appoint a dedicated crypto envoy and develop a national blockchain strategy. They warned the UK risks falling behind the US, UAE, and Singapore without a unified approach. In addition, the UK’s Financial Conduct Authority (FCA) is set to introduce stringent new regulations to align UK crypto businesses with traditional finance. These forthcoming rules will cover areas such as capital requirements, insider trading, market abuse, order handling, execution, custody, liquidity, and risk management. This is the FCA’s way of trying to make a safe, competitive, and sustainable crypto sector in the UK. The full implementation is expected by 2026. Will the UK lag too much behind by the time this sets in is yet to be seen, but its response (or lack thereof) will no doubt shape the future of its digital assets industry. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.