Ni ZyCrypto - 1 ka tuig ang milabay - Oras sa Pagbasa: 2 minuto
Bitcoin Sentiment Wavers As Crypto Fear and Greed Index in ‘Extreme Fear’ Territory
ang Bitcoin Fear and Greed Index (FGI) has dropped to a value of 11, indicating “extreme fear” amidst a sharp plummet in the crypto market.
Ang Fear and Greed Index gigamit sa pagtimbang-timbang sa sentimento sa mga mamumuhunan ngadto sa merkado, nga ang 0 nagpakita sa hilabihang kahadlok ug ang 100 nagpakita sa hilabihang kahakog.
Pagbutang 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.
Kini nga pag-ubos sa $28k moabut pipila ka adlaw pagkahuman gipadayag sa Federal Reserve, pinaagi sa chairman niini nga si Jerome Powell, nga kini magpataas sa benchmark nga rate sa interes sa 0.5 porsyento nga punto - ang labing kataas nga pagtaas sa 22 ka tuig - aron mapugngan ang nagkadako nga inflation nga nakaabot sa usa ka taas nga panahon sa 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.
Ang tibuuk nga merkado sa crypto mikunhod sa 5.28% sa miaging 24 ka oras
Dugang pa sa 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%.
Ang tibuuk nga merkado sa crypto sa miaging 24 ka oras mikunhod sa 6% sa usa ka hiniusa nga cap sa merkado nga $ 1.2 trilyon samtang ang gidaghanon sa merkado misaka sa 3.18% sa kantidad nga $ 102 bilyon, nga nagpaila nga ang mga pondo mibalhin gikan sa merkado sa crypto.
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.
Ang orihinal nga tinubdan: ZyCrypto