2 years ago
Data shows the Bitcoin marketplace sentiment has remained heavy successful utmost fearfulness this week arsenic broader fiscal markets besides get fearful.
Bitcoin Fear And Greed Index Shows A Value Of 12 This Week
As per the latest play study from Arcane Research, the wider fiscal marketplace is astatine its highest level of fearfulness since the COVID clang successful 2020.
The “fear and greed index” is an indicator that tells america astir the wide marketplace sentiment among Bitcoin investors close now.
The metric displays this sentiment utilizing a numeric standard that runs from 1 to hundred. All values of the scale supra “50” connote a sentiment of greed, portion each those beneath the cutoff bespeak a fearful market.
When the indicator has values towards the extremity of the range, that is, supra 75 oregon beneath 25, the marketplace is successful a authorities of utmost greed oregon utmost fear.
Some investors judge that it’s champion to bargain erstwhile the marketplace is highly fearful arsenic bottoms person historically tended to hap during specified periods.
Similarly, tops person formed successful the past portion the marketplace has gone done utmost greed truthful specified times whitethorn beryllium perfect for selling.
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Contrarian investing is simply a trading method that follows this idea. To punctuation Warren Buffet, “Be fearful erstwhile others are greedy, and greedy erstwhile others are fearful.”
Now, present is simply a illustration that shows the inclination successful the Bitcoin fearfulness and greed scale implicit the past year:
As you tin spot successful the supra graph, the Bitcoin fearfulness and greed scale has a worth of 12 astatine the moment, indicating a sentiment of utmost fear.
The crypto marketplace isn’t the lone 1 scared, the broader fiscal markets person besides been successful a authorities of utmost fearfulness for a portion now.
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The marketplace has been observing the highest utmost fearfulness values since the clang backmost successful 2022 owed to the onset of COVID-19.
Currently, it’s unclear if the sentiment has bottomed retired oregon if Bitcoin volition bleed much successful the coming days, plunging the fearfulness and greed scale further.
BTC Price
At the clip of writing, Bitcoin’s price floats astir $30.4k, down 3% successful the past 7 days. Over the past month, the crypto has mislaid 24% successful value.
The beneath illustration shows the inclination successful the terms of the coin implicit the past 5 days.
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