Bitcoin

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

The present CFGI sentiment index reveals ‘excessive worry,’ with Bitcoin’s value 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 value lowest since Sept 2021

The value touched its lowest level because the finish of September 2021 on Saturday, January 8, 2022, with a low of $40,517 per unit right now 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 right now’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 belongings. 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 online portal various that hosts the Crypto Worry & Greed Index (CFGI). The present CFGI rating is 10, as proven by me. Because the expertise “analyses emotions and sentiments from a number of sources and crunches them into one easy quantity,” this refers to “extreme terror.”

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The CFGI rating hasn’t been this low because the summer season 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.

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