5 hours ago
The Crypto Fear & Greed Index plummeted by 21 points to “Extreme Fear,” the lowest it’s been successful 7 months.
Crypto marketplace sentiment took a large autumn connected Tuesday aft Bitcoin concisely fell beneath $106,000 for the archetypal clip successful implicit 3 weeks.
The Crypto Fear & Greed Index connected Tuesday dropped by fractional from the time earlier to a people of 21 retired of 100, indicating “Extreme Fear” successful the crypto market.
Bitcoin (BTC) fell to a 24-hour debased of $105,540 connected Monday, sliding from an intraday highest of implicit $109,000. It’s presently down 2% connected the day, recovering supra $106,500, per CoinGecko.
The crypto sentiment tracking index’s people connected Tuesday is its lowest successful astir 7 months, having dropped to 18 retired of 100 connected April 9, arsenic the wider banal and crypto markets fell successful absorption to US President Donald Trump’s sweeping planetary tariffs that went into enactment that day.
The Crypto Fear & Greed Index dropped from 42 to 21 points successful a azygous time connected Tuesday. Source: Alternative.me“Extreme Fear” seen erstwhile Bitcoin slides
The Crypto Fear & Greed Index past fell to the level of “Extreme Fear” connected Oct. 22, hitting a people of 25 retired of 100 aft Bitcoin slid from implicit $110,000 to beneath $108,000.
The scale has swung betwixt “Extreme Fear” and “Neutral,” aft the marketplace clang implicit Oct. 9-10, erstwhile Bitcoin rapidly cooled from its Oct. 6 highest of implicit $126,000.
The scale was past supra a people of “Neutral” earlier the early-October crash, hitting a precocious implicit the past period of 74, indicating “Greed,” connected Oct. 5.
Related: Crypto whale who nailed the October clang opens $55M BTC and ETH longs
Analysts person attributed Bitcoin’s existent dip to reduced organization demand and blockchain activity, arsenic good arsenic concerns implicit an progressively hawkish Federal Reserve.
The Fed chopped involvement rates for the 2nd clip this twelvemonth connected Wednesday, but signaledyear connected Wednesday but signalednal cuts successful 2025, which caused crypto markets to driblet arsenic investors had hoped for further complaint reductions.
Last week, Bitcoin-tied exchange-traded funds saw net outflows of astir $800 million, with institutional buying dipping beneath the regular mined proviso for the archetypal clip successful 7 months.
Crypto bulls are hoping for a alleged “Moonvenber,” arsenic Bitcoin has historically gained an mean of implicit 42% successful November, typically its largest period for growth.
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling — Joseph Chalom
English (US) 