Bitcoin Market Enters ‘Extreme Fear’ Territory Ahead Of Fed Meeting
Sentiment in the market is down as the Federal Reserve meeting on monetary policy looms.The Bitcoin market has tip-toed into “extreme fear” territory as the Federal Reserve prepares to meet Wednesday to decide its next move regarding interest rate and quantitative easing policies. BTC is trading at around $48,000 at the time of writing, nearly 30% below its November all-time high of $69,000.The Fear and Greed Index analyzes market sentiment and emotion from different sources to crunch a number from zero to 100. The closer the index is to its lower bound, the more fearful the market is at....
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