Crypto Fear And Greed Index Currently Sits In “Extreme Fear” Territory
As per the latest weekly report from , the cryptocurrency market could soon complete one full year of fearful sentiment.The relevant indicator here is the “fear and greed index,” which tells us about the general sentiment among investors in the crypto market.
Outside of these two sentiments, there also exist two subset sentiments, the “extreme fear” and the “extreme greed.” These occur at values towards the ends of the range. That is, those above 75 for the former, and those below 25 for the latter.
Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:The value of the metric seems to have been moving sideways during recent weeks | Source:As you can see in the above graph, the current long spell of fear first started way back in mid-Nov of last year as the bull run died down. Since then, outside of only a few spikes to greed, the crypto fear and greed index has stayed below a value of fifty.
The fear and greed index points at extreme fear right now | Source:
BTC Price
At the time of writing, Bitcoin’s price floats around $19.2k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value.
Below is a chart that shows the trend in the price of the coin during the last five days.Looks like the value of the crypto has continued to be stuck in a range over the last few days | Source:
Featured image from Hans-Jurgen Mager on Unsplash.com, charts from TradingView.com, Arcane Research