The crypto fear and greed index shows market is back in the extreme fear territory as Bitcoin has once again declined to $36k. Market Sentiment Returns To Extreme Fear As Bitcoin Drops To $36k Recently, as the price of the crypto recovered back above $38k, the market sentiment rose to that of fear. However, today, the price of BTC has again declined, leading to a return to extreme fear sentiment. The relevant indicator here is the “fear and greed index,” which measures the general sentiment among Bitcoin investors. The metric uses a numeric scale that goes from zero to hundred to represent the sentiment. Values below fifty mean the market is currently fearful, while values above the threshold signal a sentiment of greed. The extreme values of more than 75 or below 25 imply that investors are currently facing extreme greed or extreme fear, respectively. Related Reading | Bitcoin Sees Poor Demand As Investors Try to Defend $37K, Is BTC In Trouble? Very high values of the indicator usually occur around tops. On the other hand, very low values may be there during bottom formations. Because of this, some traders believe that it’s best to sell during extreme greed and to buy during extreme fear. As Warren Buffet put it, “Be fearful when others are greedy, and greedy when others are fearful.” Now, here is a chart from the latest weekly Arcane Research report that shows how the Bitcoin fear and greed...
$30 Million Worth XRP Traded in 30 Minutes
