As Markets Consolidate, Crypto Fear and Greed Index Points to “Extreme Fear” – Markets and Prices Bitcoin News

18 days ago, on March 28, the Crypto Fear and Greed Index tapped the “greed” position, returning to 60 points for the first time in four months. Since that day, Bitcoin has lost more than $7,500 in value, hitting a low of $39,200 per unit on April 11. The downturn has pushed the Crypto Fear and Greed Index back to the extreme fear position with a score of 22.

Crypto Sentiment Index slips to ‘extreme fear’ as Bitcoin’s USD value is down 35.7% year-to-date

On Friday, April 15, 2022, the price of Bitcoin (BTC) has consolidated for the time being after hitting a low four days ago. BTC’s 24-hour range on Friday ranged between $39,823.77 and $40,709.11 per unit, with a global trading volume of around $22 billion.

Bitcoin is down 7.2% over the past week, and two-week stats show the leading crypto-asset is down about 11.3%. Year-to-date, Bitcoin’s price against the US dollar is down 35.7% from a year ago today.

While Bitcoin’s market cap stands at around $767 billion as of Friday, it accounts for 38.91% of the current $1.97 trillion crypto economy. Today’s top trading pair with BTC is Tether (USDT) with 60.88% of all trades globally. 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 entered the “extreme fear” position and has a current score of 22. Yesterday it was 28, representing “fear,” and the week before the score was 37, also representing “fear ” means .”

The Crypto Fear and Greed Index takes market sentiment and condenses it into a simple number and description. Sentiment indices are also used in traditional financial markets. Financial firms, universities, and media organizations like CNN, the University of Michigan, Nasdaq’s ISEE Index, and others use these sentiment indices to gauge how the market is feeling.

Bitcoin is now the ninth-largest global asset by market cap, above Berkshire Hathaway’s market valuation ($760.36 billion) and below Tesla’s cap ($1.018 billion).

The last time the Crypto Fear and Greed Index hit a 22 was on March 22 or 24 days ago. The Crypto Fear and Greed Index hosted on alternative.me explains that extreme fear and greed can mean two things.

“’Extreme fear’ can be a sign that investors are overly concerned. This could be a buying opportunity,” the website explains. “If investors get too ‘greedy,’ it means the market is due for a correction.”

tags in this story

Bitcoin, Bitcoin (BTC), Bitcoin Obituaries List, CNN, Crypto, Crypto Economy, Crypto Fear, Crypto Fear and Greed Index, Cryptocurrency Exchange Volume, Emotions, Ethereum, Ethereum (ETH), Fear, Greed, ISEE, Sentiment, Sentiment Gauge, University of Michigan

What do you think of today’s Crypto Fear and Greed Index data reaching Extreme Fear? Let us know what you think about this topic in the comment section below.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about today’s emerging disruptive protocols.

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