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The crypto “fear and greed index” has dropped from a “greed” reading of 60/100 in late March to an “extreme fear” reading of just 22/100 this week.
It's no secret that the crypto market is extremely volatile. Bitcoin, which reached an all-time high of $69,000 on Nov. 10, started 2021 at $29,000 and is, as of Dec. 8, hovering around $50,000 ...
The Fear and Greed Index for Bitcoin showed the lowest value in more than a year, pointing to fear level at 26 yesterday. The last time such pessimistic sentiment was recorded in March-April 2020 ...
Greed and fear are among the animal spirits that Keynes identified as profoundly affecting economies and markets. Warren Buffett found an investing rule in acting contrary to such prevailing moods, advising that the timing of buying or selling stocks should be "fearful when others are greedy and greedy only when others are fearful."
The Fear & Greed Index moved back to the top end of its range, which has extended since June 8. Failure to break the rut will leave BTC under pressure. Bitcoin Fear & Greed Index Remains Range ...
The indicator views sentiment as a continuum with anxiety and complacency representing less extreme and nuanced forms of fear and greed, respectively. Generally, a lower reading (< 20) reflects a market sentiment of fear, while readings of 20-40 represent anxiety. Conversely, a higher reading (>80) suggests significant greed, while readings of ...
Market sentiment is usually considered as a contrarian indicator: what most people expect is a good thing to bet against. Market sentiment is used because it is believed to be a good predictor of market moves, especially when it is more extreme. [ 2 ]
The Bitcoin Fear & Greed Index bounced back to 21/100 this morning with Fed monetary policy chatter delivering BTC a three-day winning streak.
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