Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to ‘Extreme Fear’

On January 8, 2022, the terms of bitcoin dropped to $40,517 per portion conscionable aft 1 p.m. (EST) connected Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), sentiment shows “extreme fear” is successful the air, and the CFGI people is simply a 10. The past clip the CFGI people was this debased was 171 days agone connected July 21, 2021.

Current CFGI Sentiment Shows ‘Extreme Fear’ — Bitcoin’s Price 39% Lower Than All-Time High

Digital currency markets shed billions successful worth this past week and the starring crypto plus bitcoin (BTC) mislaid adjacent to 10% during the past 7 days. On Saturday, January 8, 2022, the terms deed its lowest constituent since the extremity of September 2021, tapping a debased of $40,517 per portion this afternoon.

Bitcoin’s planetary commercialized measurement connected Saturday is astir $23.6 billion. BTC’s largest trading brace is tether (USDT) which commands 61.46% of each trades today. This is followed by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%), and EUR (3.21%).

The terms of bitcoin dropped to $40,517 per portion conscionable aft 1 p.m. (EST) connected Saturday afternoon.

BTC’s apical speech connected Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s planetary commercialized measurement contiguous lone represents 23.69% of the $99.6 cardinal successful trades among each the assets successful the crypto economy. While BTC commands $23.6 cardinal successful commercialized volume, tether (USDT) captures $46.7 cardinal successful commercialized measurement worldwide.

Bitcoin Fear and Greed Index is 10 – Extreme Fear
Current price: $42,290 pic.twitter.com/j477q3iSjV

— Bitcoin Fear and Greed Index (@BitcoinFear) January 8, 2022

BTC’s 24 hr scope connected Saturday has been betwixt $40,517.66 to $42,702.09. The Crypto Fear & Greed Index (CFGI) hosted connected the web portal alternative.me indicates the existent CFGI people is 10. This points to “extreme fear” arsenic the instrumentality “analyzes emotions and sentiments from antithetic sources and crunch them into 1 elemental number.”

The CFGI people hasn’t been this debased since the summer, connected July 21, 2021, which was astir 171 days ago. The people has changed a large woody since adjacent yesterday, erstwhile the CFGI recorded the “extreme fear” sentiment people astatine 18. Last week the CFGI people was 21, and 30 days anterior it was 29.

Year-to-date, bitcoin (BTC) connected Saturday, January 8, 2022, BTC is lone up 6.4%. However, BTC is down 39% little since its all-time precocious (ATH) 2 months agone connected November 10, 2021. Bitcoin is up, however, 61,932.6% since July 6, 2013, oregon 8 years agone erstwhile it was $67.81 per coin.

What bash you deliberation astir the Crypto Fear & Greed Index people today? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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