Fear and greed index fell to the extremist fear area on Monday with a decrease in Bitcoin and most symbols fell. Bitcoin decreased to $ 77,000, while the total market value of all cryptocurrencies decreased by approximately 10 % to $ 2.4 trillion.
The price of Berachain decreased by 21 % and moved to a record level of $ 4.6. It has been shattered by more than 50 % of its highest level ever. Likewise, the distinctive symbols of the blue slide such as AAVE, Litecoin, Lido Dao, Maker, Movement and Ethena decreased by more than 15 %.
Fear of fear and greed
The ongoing collapse in the encryption market led to $ 1 billion in liquidation, according to the data conducted by Coinglass. The Bitcoin qualifiers have jumped to more than $ 342 million in the past 24 hours, while ETHEREUM has risen to $ 296 million. Other connected symbols are Dogecoin, Cardano, Sui, Litecoin and Chainlink.
The data indicates that more than 324,760 merchants have been filtered on Monday, as the largest trader was the BitFinex merchant who lost more than $ 23 million in the past 24 hours.
The ongoing accident pushed the view closely the viewer and the greed index to the 17th extremist fear area.
Likewise, the Cnn money The fear and greed index, which looks at seven wider sub -engines such as the VIX index, market momentum, stock price strength, stock prices, and safe haven demand to 4, which is its lowest level in years.
An ongoing encryption accident occurs due to the ongoing trade war between the United States and other countries. Trump has announced a 10 % minimum tariff rate and variable numbers for all countries.
China, the second largest economy, received a 34 % tariff for most of the goods that are shipped to the United States. China then took revenge on these definitions by announcing more customs tariffs on American goods and other measures.
Read more: Sensex and NIFTY 50 5 % disrupted, as introductory revenge of 34 % of Asian markets
Therefore, the fear and greed index of Crypto decreased as investors worried that the United States and other countries will go through stagnation. In fact, the stock market also continued, as Dow Jones decreased by $ 1120, and the S&P 500 and NASDAQ 100 indicators that decreased by $ 185 and $ 790, respectively.
These indicators lost more than $ 5.4 trillion in value last week, a trend that may continue this year unless Trump reflects the path.
Is this a golden opportunity to buy encrypted currencies?
Warren Buffett has a quotation recommending the purchase of assets when the rest of the market is afraid. This approach may be fine this year now after investors have risen with the high chances of stagnation.
The ongoing encryption accident has made many of these symbols at reasonable prices than it was a few months ago. Bitcoin moved from 109,200 dollars to $ 77,000, while Ethereum moved from $ 4,000 to $ 1500.
There are three main reasons why encryption prices may rise later this year. First, Trump pays closer attention to the stock market, which means that it may interfere and interfere at the earliest of this week. Trump has a way to do this, without looking like a loser: negotiations with other countries may start.
Second, the Federal Reserve may decide to intervene by reducing interest rates as he did in the past. The bank did this in the past few black black events such as the point bubble, the global financial crisis (GFC), and the epidemic. These measures often lead to a strong increase in risky assets such as encryption and arrows.
Third, continuous encoding with the stock market coincided. This means that these CINS will likely recover when the stock market rises, as it has always done in the past decades.
Be postponed of fear of fear and greed with a rise of $ 1 billion: purchasing a decrease? First appeared on Invezz
