Following the recent decline in the cryptocurrency market, in which bitcoin has lost almost 20% of its value considering that its all-time high, the basic sentiment amongst investors has changed significantly. The Fear & & Greed Index has entered into a state of “Fear” for the very first time in nearly two months.
Fear Is Back Again
The popular Bitcoin Fear & & Greed Index is a metric that follows numerous factors within the digital possession community to expose the short-lived belief towards the leading cryptocurrency. Such sections include volatility of the asset, volume, social media comments, surveys, and more. The Index supplies outcomes varying from 0 (“Extreme Fear”) to 100 (“Extreme Greed”). Currently, the metric has dropped to 34– “Fear” territory.