Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to ‘Extreme Fear’ – Markets and Prices Bitcoin News

On January 8, 2022, the worth of bitcoin dropped to $40,517 per unit simply after 1 p.m. (EST) on Saturday afternoon. In response to the Crypto Concern & Greed Index (CFGI), sentiment reveals “excessive worry” is within the air, and the CFGI rating is a ten. The final time the CFGI rating was this low was 171 days in the past on July 21, 2021.

Present CFGI Sentiment Exhibits ‘Excessive Concern’ — Bitcoin’s Value 39% Decrease Than All-Time Excessive

Digital forex markets shed billions in worth this previous week and the main crypto asset bitcoin (BTC) misplaced near 10% over the last seven days. On Saturday, January 8, 2022, the worth hit its lowest level because the finish of September 2021, tapping a low of $40,517 per unit this afternoon.

Bitcoin’s world commerce quantity on Saturday is roughly $23.6 billion. BTC’s largest buying and selling pair is tether (USDT) which instructions 61.46% of all trades as we speak. That is adopted by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%), and EUR (3.21%).

Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiments Points to 'Extreme Fear'
The value of bitcoin dropped to $40,517 per unit simply after 1 p.m. (EST) on Saturday afternoon.

BTC’s prime alternate on Saturday is FTX.US, adopted by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s world commerce quantity as we speak solely represents 23.69% of the $99.6 billion in trades amongst all of the belongings within the crypto financial system. Whereas BTC instructions $23.6 billion in commerce quantity, tether (USDT) captures $46.7 billion in commerce quantity worldwide.

BTC’s 24 hour vary on Saturday has been between $40,517.66 to $42,702.09. The Crypto Fear & Greed Index (CFGI) hosted on the net portal signifies the present CFGI rating is 10. This factors to “excessive worry” because the instrument “analyzes feelings and sentiments from totally different sources and crunch them into one easy quantity.”

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The CFGI rating hasn’t been this low because the summer season, on July 21, 2021, which was roughly 171 days in the past. The rating has modified an amazing deal since even yesterday, when the CFGI recorded the “excessive worry” sentiment rating at 18. Final week the CFGI rating was 21, and 30 days prior it was 29.

12 months-to-date, bitcoin (BTC) on Saturday, January 8, 2022, BTC is just up 6.4%. Nonetheless, BTC is down 39% decrease since its all-time excessive (ATH) two months in the past on November 10, 2021. Bitcoin is up, nevertheless, 61,932.6% since July 6, 2013, or eight years in the past when it was $67.81 per coin.

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analyzes feelings, analyzes sentiments, Bitcoin (BTC), BitFinex, BitStamp, CFGI, Coinbase, Crypto, Crypto Concern & Greed Index, Cryptocurrency, Ethereum (ETH), excessive worry, Fiat pairs, FTX.US, July 21 2021, Kraken, Markets, pairs, Costs, Rating, Rating 10, Tether, USDT

What do you concentrate on the Crypto Concern & Greed Index rating as we speak? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Information in regards to the disruptive protocols rising as we speak.

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