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

ZyCrypto پاران - 1 سال اڳ - پڙهڻ جو وقت: 2 منٽ

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

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

خوف ۽ لالچ انڊيڪس استعمال ڪيو ويندو آهي مارڪيٽ جي طرف سيڙپڪارن جي جذبي کي جانچڻ لاءِ، 0 سان انتهائي خوف جو اشارو آهي ۽ 100 انتهائي لالچ جي نشاندهي ڪري ٿو.

ويران ٿيڻ 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.

28k ڊالر تائين اها گهٽتائي ڪجهه ڏينهن بعد آئي آهي جڏهن فيڊرل ريزرو ان جي چيئرمين جيروم پاول جي ذريعي ظاهر ڪيو آهي ته اهو پنهنجي بينچ مارڪ سود جي شرح کي 0.5 سيڪڙو پوائنٽ وڌائيندو - 22 سالن ۾ سڀ کان وڌيڪ اضافو - وڌندڙ مهانگائي کي منهن ڏيڻ لاءِ. 8.5٪ جي سڀ وقت جي اعلي.

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.

گذريل 5.28 ڪلاڪن ۾ سڄي crypto مارڪيٽ ۾ 24% جي گهٽتائي ڪئي وئي آهي

کان علاوه 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%.

سڄي ڪرپٽو مارڪيٽ گذريل 24 ڪلاڪن ۾ 6% کان گهٽجي وئي آهي 1.2 ٽريلين ڊالر جي گڏيل مارڪيٽ ڪيپ تائين جڏهن ته مارڪيٽ جو حجم 3.18% کان وڌي 102 بلين ڊالر تائين پهچي ويو آهي، اهو ظاهر ڪري ٿو ته فنڊز ڪرپٽو مارڪيٽ مان نڪري رهيا آهن.

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.

اصل ذريعو: زائي ڪرپٽٽو