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

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

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

18 days ago on March 28, the Crypto Fear and Greed Index tapped thegreedposition, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto Fear and Greed Index back down to theextreme fearposition with a score of 22.

Crypto Sentiment Index Slides toExtreme Fear,’ Bofá’s USD Value Is Down 35.7% Year-to-Date

On Friday, abril 15, 2022, the price of bitcoin (BTC) has consolidated for now, after reaching a low four days ago. BTCs 24-hour range on Friday has been between $39,823.77 to $40,709.11 per unit, with roughly $22 billion worth of global trading volume.

Bofá is down 7.2% this past week and two-week statistics show the leading crypto asset has lost roughly 11.3%. Year-to-date, bitcoins price against the U.S. dollar is 35.7% lower than a year ago today.

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

While bitcoins market capitalization on Friday is around $767 billion it represents 38.91% of the current $1.97 trillion crypto economy. Hoy dia’s top trading pair with BTC is tether (USDT) con 60.88% of all trades worldwide. Tether is followed by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (3.28%).

On April 15, los Crypto Fear and Greed Index tapped theextreme fearposition and has a current score of 22. Yesterday, it was 28 which representsfearand the week prior, the score was 37, which also meansfear.

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

The Crypto Fear and Greed Index leverages market sentiment and crunches it down into a simple number and description. Sentiment indexes are used in traditional financial markets as well. Financial businesses, universities, and media organizations like CNN, los University of Michigan, Nasdaqs ISEE Index, and more use these sentiment indexes to gauge how the market feels.

Bitcoin is the ninth-largest global asset today, in terms of market capitalization, above Berkshire Hathaways market valuation ($760.36B), and below Teslas capitalization ($1.018T).

The last time the Crypto Fear and Greed Index tapped a 22 was March 22, or 24 days ago. The Crypto Fear and Greed Index hosted on alternative.me explains extreme fear and greed can have two meanings.

“’Extreme fearcan be a sign that investors are too worried. That could be a buying opportunity,” the website explains. “When Investors are getting toogreedy,’ that means the market is due for a correction.

What do you think about todays Crypto Fear and Greed Index data reaching extreme fear? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..