Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful

After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.” CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor…

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Bitcoin drops below $40K for first time in 3 months as fear set to ‘accelerate’

[ad_1] Bitcoin (BTC) fell below the landmark $40,000 mark for the first time since September 2021 on Jan. 10, heightening a rout that began six weeks ago. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands step in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility as bears finally steered the market back into the $30,000 zone. The move had been long preempted, with forecasts even calling for an identical floor to that of July — just below $30,000. “And we’re dipping into the $40K region for…

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New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week

[ad_1] Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found. With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts say. So far, however, all…

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All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

[ad_1] China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.” Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According…

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