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Monday, May 23, 2022
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    HomeBitcoinCrypto Fear and Greed Index Score Hits 5 Month Low, Now Points...

    Crypto Fear and Greed Index Score Hits 5 Month Low, Now Points to ‘Extreme Fear’

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    The present CFGI sentiment index reveals ‘excessive worry,’ with Bitcoin’s price down 39% from its all-time excessive. The worth of digital currencies has plummeted by billions of {dollars} within the earlier week, with the main crypto-asset bitcoin (BTC) dropping about 10% of its worth.

    Bitcoin worth lowest since Sept 2021

    The worth touched its lowest level because the finish of September 2021 on Saturday, January 8, 2022, with a low of $40,517 per unit immediately afternoon.

    On Saturday, Bitcoin’s worldwide buying and selling quantity was at $23.6 billion. Tether (USDT) is BTC’s hottest buying and selling pair, accounting for 61.46% of immediately’s offers. FTX.US was the preferred Bitcoin alternate on Saturday, adopted by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s worldwide buying and selling quantity accounts for simply 23.69% of the $99.6 billion in transactions throughout all crypto property. Whereas Bitcoin (BTC) has a world buying and selling quantity of $23.6 billion, tether (USDT) has a world commerce quantity of $46.7 billion.

    Overview of The Crypto Worry & Greed Index (CFGI)

    On Saturday, BTC traded in a 24-hour vary of $40,517.66 to $42,702.09. The Crypto Worry & Greed Index (CFGI) is an internet portal different that hosts the Crypto Worry & Greed Index (CFGI). The present CFGI rating is 10, as proven by me. Because the know-how “analyses emotions and sentiments from a number of sources and crunches them into one easy quantity,” this refers to “extreme terror.”

    The CFGI rating hasn’t been this low because the summer time of 2021, nearly 171 days in the past. The rating had shifted dramatically from yesterday when the CFGI recorded a sense degree of 18 for “extreme terror.” The CFGI rating was 21 final week and 29 30 days in the past.

    Bitcoin (BTC) is barely up 6.4% 12 months to far as of Saturday, January 8, 2022. However, BTC has dropped 39% from its all-time excessive (ATH) on November 10, 2021.

    Disclaimer

    The offered content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.

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