Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives
Making its way up to the higher levels of its current range, Bitcoin records a 5.6% profit in 24 hours. BTC’s price took a heavy loss, as the implementation of its legal tender status in El Salvador became a “buy the rumor, sell the news” event. At the time of writing, the first cryptocurrency by market cap trades at $46,529 with an 11.8% loss in the 7-day chart. Previous to this event, Bitcoin made a quick move to the $52,000 zone. This moved the Fear & Greed Index back to the green area, as the general sentiment in the market turned bullish. Related Reading | TA: Bitcoin Topside....
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As the downtrend in the crypto market continues, so does extreme fear. What’s inspiring the sell-off? Is it Omicron? Or is it Evergrande? Is it a conspiracy? Or is it the holidays? All those questions and more have had the Fear and Greed Index pointing left for a month straight. What does this mean? Where do we go from here? That’s what we’re here to explore. Related Reading | Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives But first, let’s talk about the Fear and Greed Index. One of the many Bitcoin indicators, it measures the market’s general sentiment at the....
The current bitcoin market has not been favorable for investors and is one that can be referred to as a ‘bloody market’. This is not the first time that there will be blood on the streets for the digital asset and will certainly not be the last. This is why looking at what different moves […]
Most people have no idea what their average cost per coin is and without knowing your cost, how can you make educated financial decisions? That's like running a business without knowing how much you paid for the products that you sell. Normal everyday people around the world will not realize Bitcoin’s potential until this function becomes a seamless wallet feature and as common as deterministic wallets are now. "Buy when there is blood in the streets, even if the blood is your own." This is an old saying that relates to trading stocks but it also holds true for a number of commodities that....
Fear in the crypto market is now the highest it has been in the last six months, suggesting that now may be the time to buy Bitcoin. Crypto Fear And Greed Index Shows Lowest Value In Six Months As per the latest weekly report from Arcane Research, the fear and greed index reached the lowest values this week since July. The “fear and greed index” is an indicator that measures the general sentiment around the Bitcoin and wider crypto market. The metric uses a numeric scale that goes from zero to hundred for representing the sentiment. When the values are below fifty, it means the....
Liquidations across the crypto market have quickly added up in the last day. Bitcoin had dropped below $22,000, triggering rapid losses for traders. These traders had obviously been following the recent bullish trend in the market but are now paying dearly for it. More than 150,000 traders have now lost their positions, leading to one […]