A detailed explanation of the Fear and Greed Index - What guiding role does market sentiment play?
With BTC’s recent brief break below the $60,000 mark, market sentiment took a 180-degree turn overnight, from $75 of greed a week ago to $30 of fear.
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With BTC’s recent brief break below the $60,000 mark, market sentiment took a 180-degree turn overnight, from $75 of greed a week ago to $30 of fear.
Over the past six years from 2018 to 2024, cryptocurrency market sentiment has been fearful 54.7% of the time, greedy 32.0% of the time, and neutral the remaining 13.3% of the time .
The Crypto Fear and Greed Index has dropped to "neutral" levels (52 out of 100), a notable shift from the recent "extreme greed" score, just days after the historic approval of spot Bitcoin ETFs in the United States. Despite the approval, Bitcoin's price fluctuations and increased searches for explanations indicate lingering uncertainty in the cryptocurrency market.
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