Bitcoin Sentiment Wavers As Crypto Fear and Greed Index in ‘Extreme Fear’ Territory

Autor ZyCrypto - prije 1 godinu - Vrijeme čitanja: 2 minute

Bitcoin Sentiment Wavers As Crypto Fear and Greed Index in ‘Extreme Fear’ Territory

The Bitcoin Fear and Greed Index (FGI) has dropped to a value of 11, indicating “extreme fear” amidst a sharp plummet in the crypto market.

Indeks straha i pohlepe se koristi za procjenu sentimenta investitora prema tržištu, pri čemu 0 označava ekstremni strah, a 100 ukazuje na ekstremnu pohlepu.

Plutanje Bitcoin

The past few weeks have not been the most favorable for Bitcoin as it has been struggling to steady itself in the $40k zone for a while now. In the past 7 days, the asset has plummeted by 20 percent, dropping from its $38.9k peak last Monday to a current value of $28.9k as of press time.

This has apparently triggered a panic in the crypto space with several investors capitulating to salvage whatever they can from their funds, leading to the FGI value of 11. The last time the FGI hit this value was January 23 this year when Bitcoin closed the previous day with a value of $35k. The values were 28 (fear) and 30 (fear) last week and last month respectively.

Ovaj pad na 28 dolara dolazi nekoliko dana nakon što su Federalne rezerve otkrile, preko svog predsjednika Jeromea Powella, da će povećati svoju referentnu kamatnu stopu za 0.5 posto – najveće povećanje u 22 godine – kako bi se borile protiv rastuće inflacije koja je dostigla rekordnih 8.5%.

Early June last year was the last time Bitcoin dipped to $33k after weeks of attempts to bounce back from a downtrend that began the previous month. The asset went on to reach a $29,800 price towards the close of the month before rising to a peak of $67k in early November of last year.

Čitavo tržište kriptovaluta palo je za 5.28% u posljednja 24 sata

Dodatno Bitcoin, most other digital assets including Ethereum, BNB, LUNA, and SOL have respectively seen some sharp declines in the past seven days, with Ethereum down by 26%, BNB by 25%, LUNA by a massive 99%, and SOL seeing a decline of 41%.

Cijelo kripto tržište je u posljednja 24 sata smanjeno za 6% na ukupnu tržišnu kapitalizaciju od 1.2 triliona dolara, dok je obim tržišta porastao za 3.18% na vrijednost od 102 milijarde dolara, što ukazuje da se sredstva povlače s kripto tržišta.

Market tracking platform Glassnode reveals that the number of Bitcoin whales appears to be decreasing. Chris Kline, co-founder, and chief operating officer of Bitcoin IRA, said he believes one of the causes of the crash in the crypto market is the fact that investors are looking for “safer grounds” as they weigh other investing options amidst the interest rate hike by the Federal Reserve.

Izvorni izvor: ZyCrypto