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Bitcoin

Bitcoin’s feelings strike 2022 lower when the fear and greed index decrease to 10

Bitcoin Fear & Greed has decreased to 10, its lowest level since June 2022, indicating extreme fear among investors.

Despite panic, experts suggest that this may be a major moment of purchase.

Feelings are disrupted with a decrease in BTC price

The index, which measures market morale, decreased from 49 last week, and is considered neutral, to 10 todayThis indicates extreme fear. According to Alternative.me, who publishes the scale, extreme fear is often an indication that investors are concerned about events in the market, which may represent the opportunity to buy.

However, analysts remain divided; While some Referred to Historical data that shows extreme fear often precede counterattacks, and Arthur Hayes, co -founder of the Bitmex Foundation, warned that Bitcoin, the largest encrypted currency depending on the market value, may decrease to $ 70,000 before stability.

Continuous turmoil in the BTC value witnessed nearly $ 99,000 last week to less than 84,000 dollars, which is the lowest level in three months. Although it is traded with less than $ 86,000 at the time of writing this report, the poor model of the last original pulled the broader encryption market to red, erasing months of gains, with Altcoins such as Ethereum, Solana and BNB is bleeding equally and pushing merchants to panic.

The decrease in the total value of the sector witnessed less than 3 trillion dollars, which led to at least 200 billion dollars in only one day. The references also rose, as more than a billion dollars were eliminated in the centers of the same period.

Nowadays, the maximum Crypto market is $ 2.95 trillion, a decrease of 4.3 % in the past 24 hours. In addition, the BTC dominance increased to 57.6 %, indicating the shift from the most dangerous altcoins.

What leads fear?

Experts pointed to factors such as escalating tensions between the United States and some of its main commercial partners, including Canada, Mexico and China, as a major contribution to decline. The dilemma was the result of the announcement of US President Donald Trump about a new tariff for the goods obtained from the three countries.

In addition, the president threatened to impose a 25 % tax On imports from the European Union (European Union), claiming that the bloc was created for the “corruption” of the United States.

Moreover, the country’s ETF sector in the country witnessed huge output flows, with $ 938 million in one day. This clear lack of institutional confidence has fueled the sale.

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