Bitcoin Sentiment Remains At Extreme Low Despite Price Surge Above $77K
The price of Bitcoin has been on a tear in the past week, drawing positive momentum from the improving conditions of the ongoing conflict in the Middle East. On Friday, April 17, the premier cryptocurrency surged to around $77,500, reaching a new 10-week high on the day. Despite the heating price action, on-chain data suggests […]
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Data shows the Bitcoin Fear & Greed Index has marked an improvement after the latest price surge, but its value is still inside the extreme fear zone. Bitcoin Has Witnessed A Price Jump Over The Past Day Bitcoin ended last week on a mixed note, first observing a sharp surge near $74,000 on Friday, but then dropping back into the low $70,000 levels inside the same day. The weekend saw the asset consolidate, but it seems the new week has brought with it fresh bullish momentum as BTC has jumped once more. Related Reading: Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis....
Following the Bitcoin crash to $42k, the fear and greed index has declined to extreme fear values not seen since July of last year. Bitcoin Fear And Greed Index Points At “Extreme Fear” As pointed out by an analyst in a CryptoQuant post, the BTC fear and greed index has dropped to very low values. The “fear and greed index” is a crypto indicator that measures the general sentiment among investors in the market. The index uses numbers to represent the sentiment on a numeric scale that goes from zero to hundred. Values of the indicator above fifty mean that the....
The crypto fear and greed index shows market is back in the extreme fear territory as Bitcoin has once again declined to $36k. Market Sentiment Returns To Extreme Fear As Bitcoin Drops To $36k Recently, as the price of the crypto recovered back above $38k, the market sentiment rose to that of fear. However, today, the price of BTC has again declined, leading to a return to extreme fear sentiment. The relevant indicator here is the “fear and greed index,” which measures the general sentiment among Bitcoin investors. The metric uses a numeric scale that goes from zero to hundred....
Data shows extreme fear sentiment in the Bitcoin market has continued for almost a month now, the longest stretch since April 2020. Bitcoin Market Sentiment Remains In Extreme Fear Territory As per the latest weekly report from Arcane Research, the crypto fear and greed index has continued to point at extreme fear this week. The “fear and greed index” is an indicator that measures the general market sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs from one to hundred for representing this sentiment. All values above “50”....
For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100.
Crypto Fear and Greed Index Remains in ‘Extreme Fear’
Approximately 45 days ago, the Crypto Fear and Greed Index (CFGI) hit the “extreme fear” range with a score of 22. That day, on April 15, the 24-hour bitcoin price range was between $39,823.77 and $40,709.11 per....