Crypto Fear and Greed Index

Crypto Fear and Greed Index drops to 5-months low

Crypto Fear and Greed Index drops to 5-months low which shows extreme fear in the market. The value of CFGI drops to 10 as the flagship currency plunges to $40,517. This index was showing the same value on July 21, 2021.

Crypto market assets are showing extreme volatility and there’s FUD in the Market. Billions of dollars are out from the crypto market over the last week. The flagship currency has lost more than 10% in the last seven days. You can analyze the market situation by looking at the trading volume of BTC, which is roughly $23.6 billion. USDT is the top pair of BTC followed by USD, BUSD, KRW, JPW, and EUR respectively.

Crypto Fear and Greed Index drops:

Crypto Fear and Greed Index has dropped to its 5-months low. As BTC dropped to the $40k range crypto Fear and Greed Index dropped to a value of 10. This points to “extreme fear” as the tool “analyzes emotions and sentiments from different sources and crunch them into one simple number.” 171 days ago, CFGI was at 18 when it showed extreme Fear in the market.

Crypto Fear and Greed Index

Year-to-date, bitcoin (BTC) on Saturday, January 8, 2022, BTC is only up 6.4%. However, BTC is down 39% lower since its all-time high (ATH) two months ago on November 10, 2021. Bitcoin is up, however, 61,932.6% since July 6, 2013, or eight years ago when it was $67.81 per coin.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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