While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’

18 days agone connected March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the archetypal clip successful 4 months. Since that day, bitcoin has mislaid much than $7,500 successful USD value, and deed a debased of $39,200 per portion connected April 11. The downturn has pushed the Crypto Fear and Greed Index backmost down to the “extreme fear” presumption with a people of 22.

Crypto Sentiment Index Slides to ‘Extreme Fear,’ Bitcoin’s USD Value Is Down 35.7% Year-to-Date

On Friday, April 15, 2022, the terms of bitcoin (BTC) has consolidated for now, aft reaching a debased 4 days ago. BTC’s 24-hour scope connected Friday has been betwixt $39,823.77 to $40,709.11 per unit, with astir $22 cardinal worthy of planetary trading volume.

Bitcoin is down 7.2% this past week and two-week statistic amusement the starring crypto plus has mislaid astir 11.3%. Year-to-date, bitcoin’s terms against the U.S. dollar is 35.7% little than a twelvemonth agone today.

While bitcoin’s marketplace capitalization connected Friday is astir $767 cardinal it represents 38.91% of the existent $1.97 trillion crypto economy. Today’s apical trading brace with BTC is tether (USDT) with 60.88% of each trades worldwide. Tether is followed by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (3.28%).

On April 15, the Crypto Fear and Greed Index tapped the “extreme fear” presumption and has a existent people of 22. Yesterday, it was 28 which represents “fear” and the week prior, the people was 37, which besides means “fear.”

The Crypto Fear and Greed Index leverages marketplace sentiment and crunches it down into a elemental fig and description. Sentiment indexes are utilized successful accepted fiscal markets arsenic well. Financial businesses, universities, and media organizations similar CNN, the University of Michigan, Nasdaq’s ISEE Index, and much usage these sentiment indexes to gauge however the marketplace feels.

Bitcoin is the ninth-largest planetary plus today, successful presumption of marketplace capitalization, supra Berkshire Hathaway’s marketplace valuation ($760.36B), and beneath Tesla’s capitalization ($1.018T).

The past clip the Crypto Fear and Greed Index tapped a 22 was March 22, oregon 24 days ago. The Crypto Fear and Greed Index hosted connected alternative.me explains utmost fearfulness and greed tin person 2 meanings.

“’Extreme fear’ tin beryllium a motion that investors are excessively worried. That could beryllium a buying opportunity,” the website explains. “When Investors are getting excessively ‘greedy,’ that means the marketplace is owed for a correction.”

What bash you deliberation astir today’s Crypto Fear and Greed Index information reaching utmost fear? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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