While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’ – Markets and Prices Bitcoin News

18 days in the past on March 28, the Crypto Concern and Greed Index tapped the “greed” place, scoring a 60 for the primary time in 4 months. Since that day, bitcoin has misplaced greater than $7,500 in USD worth, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto Concern and Greed Index again right down to the “excessive concern” place with a rating of twenty-two.

Crypto Sentiment Index Slides to ‘Excessive Concern,’ Bitcoin’s USD Worth Is Down 35.7% 12 months-to-Date

On Friday, April 15, 2022, the value of bitcoin (BTC) has consolidated for now, after reaching a low 4 days in the past. BTC’s 24-hour vary on Friday has been between $39,823.77 to $40,709.11 per unit, with roughly $22 billion value of worldwide buying and selling quantity.

Bitcoin is down 7.2% this previous week and two-week statistics present the main crypto asset has misplaced roughly 11.3%. 12 months-to-date, bitcoin’s value towards the U.S. greenback is 35.7% decrease than a yr in the past at the moment.

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

Whereas bitcoin’s market capitalization on Friday is round $767 billion it represents 38.91% of the present $1.97 trillion crypto economic system. In the present day’s prime buying and selling pair with BTC is tether (USDT) with 60.88% of all trades worldwide. Tether is adopted by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (3.28%).

On April 15, the Crypto Concern and Greed Index tapped the “excessive concern” place and has a present rating of twenty-two. Yesterday, it was 28 which represents “concern” and the week prior, the rating was 37, which additionally means “concern.”

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

The Crypto Concern and Greed Index leverages market sentiment and crunches it down right into a easy quantity and outline. Sentiment indexes are utilized in conventional monetary markets as properly. Monetary companies, universities, and media organizations like CNN, the College of Michigan, Nasdaq’s ISEE Index, and extra use these sentiment indexes to gauge how the market feels.

Bitcoin is the ninth-largest international asset at the moment, when it comes to market capitalization, above Berkshire Hathaway’s market valuation ($760.36B), and beneath Tesla’s capitalization ($1.018T).

The final time the Crypto Concern and Greed Index tapped a 22 was March 22, or 24 days in the past. The Crypto Concern and Greed Index hosted on explains excessive concern and greed can have two meanings.

“’Excessive concern’ is usually a signal that buyers are too fearful. That could possibly be a shopping for alternative,” the web site explains. “When Traders are getting too ‘grasping,’ which means the market is due for a correction.”

Tags on this story
Bitcoin, Bitcoin (BTC), Bitcoin Obituaries checklist, CNN, Crypto, crypto economic system, Crypto Concern, Crypto Concern and Greed Index, cryptocurrency trade quantity, feelings, Ethereum, Ethereum (ETH), Concern, Greed, ISEE, Sentiment, sentiment gauge, College of Michigan

What do you concentrate on at the moment’s Crypto Concern and Greed Index knowledge reaching excessive concern? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Information concerning the disruptive protocols rising at the moment.

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