Bitcoin Investors Gripped By Fear, Any Sign Of Hope Remain?
Bitcoin is moving sideways after a major bear assault took it below its 2021 low. The first crypto by market cap seems to be displaying short-term low volatility and could see further downside, according to market participants’ expectations. Related Reading | Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It At the time of writing, the first crypto by market cap trades at $30,400 with a 1.5% profit in the past 24-hours. The crash in the price of Bitcoin was triggered by a shift in the U.S. Federal Reserve (FED) policy. The financial institution has begun....
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On June 2, Bitcoin and altcoins saw double-digit rallies with Bitcoin briefly stood above $38,000 and dogecoin increased 40% once. The rally failed to spark hope among investors and the bitcoin fear and greed index is at 24, indicating extreme fear. Investors have good reasons to fear as the market saw a 50% loss recently. […]
The Crypto Fear and Greed index shows that the cryptocurrency market sentiment has just shifted from “Extreme Greed” to “Fear.” With the Bitcoin (BTC) price dipping below a $29,000 threshold, the investor mood is worsening and the Crypto Fear and Greed index has plunged to October 2020 levels.On Jan. 22, the Crypto Fear and Greed index sharply dropped to a value of 40, moving the market sentiment from “Extreme Greed” to “Fear.” The index dropped to this low for the first time since Oct. 3, 2020, when Bitcoin was trading at around $10,500.Crypto Fear and Greed Index one-year chart. Source:....
Data shows the Bitcoin Fear & Greed Index is close to the neutral territory again, a sign that market sentiment has seen a cooldown. Bitcoin Fear & Greed Index Is Now Close To Edge Of Greed Territory The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment held by the average trader in the Bitcoin and wider cryptocurrency markets. Related Reading: Old Bitcoin Whales Resurface With $760M Move—Brace For Impact? The index determines the market mentality using the data of five factors: trading volume, market cap dominance, social media....
The Bitcoin and general crypto market crash has sent investors spiraling and sentiment has completed been eroded as a result of this. The Crypto Fear & Greed Index, which measures investor sentiment, has plummeted during this time. But with the fluctuation in the Bitcoin price, investors remain indecisive on their view of the market. Crypto […]
Data shows while the Bitcoin market sentiment is on the verge of entering into “greed,” the investors have remained unconfident. Bitcoin Fear And Greed Index Still Shows A Fearful Sentiment According to the latest weekly report from Arcane Research, the BTC fear and greed index has now reached the highest value since April of this […]