The Crypto Fear & Greed index, which tracks the morale of the comprehensive encryption market, remained in the “Granding” area despite the high geopolitical tensions after Israel launched a series of air strikes in Iran.
Index to publish 60 degree in Sunday update, while maintaining its location in the greedy area despite the Bitcoin decreased by 2.8 % to $ 103,000 on Friday. According to what was reported, that explosions that heard in Tehran were followed at 22:50 UAE on Thursday, which Israel demanded responsibility. And according to what Iran reported revenge With dozens of ballistic missiles on Friday night.
On Thursday, the index was carrying greedy degree 71.
Bitcoin was approaching its highest levels
Bitcoin’s decrease came as it approached re -testing on May 22 at $ 111,970. At the time of publication, Bitcoin is trading at $ 105,670, According to To Coinmarketcap.
Meanwhile, the Ether (ETH) decreased by 10.79 % during the same period to $ 2,454 before recovering to $ 2534 at the time of publication.
Participants in the encryption market referred to the relative strength of Bitcoin, given the circumstances. ZA encryption analyst He said In the Sabt X publication, “Bitcoin does not seem concerned about Israel and Iran’s conflict (so far).”
“There is no better indicator than Bitcoin, which makes this noticeable, in my opinion,” Za said.
Pioneer encryption Anthony Box He said In a post on the same day, “Bitcoin has no relentlessness.”
Traders seem to have confidence that he will remain higher than the level of psychological price of $ 100,000, which he recovered on May 8 for the first time in three months. It can put a lower decrease According to To data from Coinglass.
Meanwhile, the Bitcoin exchange funds (ETF) recorded a straight week of flows for the trading week that ends on Friday, when $ 1.37 billion accumulates in flows over five days, According to To Farside data.
However, Eter Ether Etfs ended its 19 -day flow chain on Friday, with the network External flows 2.1 million dollars.
Bitcoin is less than Iran’s attack in April 2024
The low price of Bitcoin after the air strike on Friday was less severe than it was in April 2024, when Iran launched an unprecedented direct attack on Israel.
Related to: Bitcoin Bulls has come back to BTC’s return with $ 112,000
The strike, which served as a retaliatory measure against the Israeli bombings of the Iranian embassy in Damascus, sent a BTC price of 8.4 % on April 13, 2024.
Although the index recorded the “greed” score of 72 on the same day, it decreased to the degree of “fear” from 43 by May 2, 2024.
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