Bitcoin Investors Succumb To Fear As BTC Erases $60,000 Weekend Recovery
Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Related Reading: Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800 Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It sometimes....
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The crypto fear and greed index shows that while investors are still cautious, the market sentiment is nonetheless making sustainable recovery. Crypto Fear And Greed Index Surges Up, But Remains In “Fear” Territory As per the latest weekly report from Arcane Research, the market sentiment rose to the best sentiment since April of this year on Saturday. The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All....
Bitcoin has been struggling in recent times and even with the recovery, continues to find it hard to hold above the $20,000 level. With the crash has also come a significant decline in investor sentiment which has reached some of its lowest points in recent years. And even with bitcoin finally making the coveted recovery above $20,000, it seems investor sentiment is finding it hard to keep up as it remains firmly in the negative. Market In Extreme Fear According to the Crypto Fear & Greed Index, a tool that measures how investors are feeling towards the market, investors are still very....
On-chain data shows the Bitcoin Hashrate has slumped back down recently as the cryptocurrency’s price has continued in a bearish trajectory. Bitcoin Mining Hashrate Has Retraced Its August Recovery The “Mining Hashrate” refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners have currently connected to the […]
The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is until now when the market sentiment has recorded an enormous push upward off the back of another market rally. Sentiment Turning Green The crypto market sentiment has been on an uptrend since the recovery started back in July. When the price of bitcoin first hit $24,000 for the first time since the market trend,....
The crypto market sentiment has been on the decline over the last year and it has come in tandem with the decline in bitcoin price. Bitcoin, which moves the entirety of the crypto market most times, has had a tough go of it in recent times. Now, as the pioneer cryptocurrency continues to struggle to hold a good value in the market, sentiment has plunged towards 3-month lows. Market In Extreme Fear The crypto market is now entering what is one of the longest fear trends in recent history. Over the last six months, there has not been any significant recovery in market sentiment. The last....