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

Av ZyCrypto - 1 år siden - Lesetid: 2 minutter

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.

Frykt- og grådighetsindeksen brukes til å vurdere investorenes holdning til markedet, med 0 indikerer ekstrem frykt og 100 indikerer ekstrem grådighet.

stuper 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.

Denne nedgangen til $28k kommer noen dager etter at Federal Reserve avslørte, via sin styreleder Jerome Powell, at den ville heve sin referanserente med 0.5 prosentpoeng – den høyeste økningen på 22 år – for å bekjempe økende inflasjon som har nådd en all-time high på 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.

Hele kryptomarkedet har falt med 5.28% i løpet av de siste 24 timene

I tillegg til 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%.

Hele kryptomarkedet har de siste 24 timene falt med 6 % til en samlet markedsverdi på 1.2 billioner dollar, mens markedsvolumet økte med 3.18 % til en verdi av 102 milliarder dollar, noe som indikerer at midler beveger seg ut av kryptomarkedet.

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.

Opprinnelig kilde: ZyCrypto