Door ZyCrypto - 1 jaar geleden - Leestijd: 2 minuten
Bitcoin Sentiment Wavers As Crypto Fear and Greed Index in ‘Extreme Fear’ Territory
De Bitcoin Fear and Greed Index (FGI) has dropped to a value of 11, indicating “extreme fear” amidst a sharp plummet in the crypto market.
De Fear and Greed Index wordt gebruikt om het sentiment van beleggers ten opzichte van de markt te beoordelen, waarbij 0 staat voor extreme angst en 100 voor extreme hebzucht.
kelderen 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.
Deze daling tot $ 28k komt een paar dagen nadat de Federal Reserve, via haar voorzitter Jerome Powell, bekendmaakte dat ze haar referentierente met 0.5 procentpunt zou verhogen – de hoogste stijging in 22 jaar – om de groeiende inflatie tegen te gaan, die een recordhoogte ooit van 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.
De hele cryptomarkt is de afgelopen 5.28 uur met 24% gedaald
Naast 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%.
De hele cryptomarkt is in de afgelopen 24 uur met 6% gedaald tot een gecombineerde marktkapitalisatie van $ 1.2 biljoen, terwijl het marktvolume met 3.18% is gestegen tot een waarde van $ 102 miljard, wat aangeeft dat fondsen de cryptomarkt verlaten.
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.
Originele bron: ZyCrypto