Crypto Fear And Greed Index Falls To Lowest Score In 8 Months
The post Crypto Fear And Greed Index Falls To Lowest Score In 8 Months appeared com. Crypto sentiment has dropped to its most fearful level in over eight months, as ongoing macroeconomic uncertainty continues to rattle market participants. However, crypto analysts are anticipating the bearish mood to be short-lived. The Crypto Fear & Greed Index, which measures overall market sentiment, posted an “Extreme Fear” score of 10 in its Saturday update, the lowest score it has seen since Feb. 27, as Bitcoin (BTC) fell below $95,000 on Friday and has yet to reclaim above $96,000 at the time of publication, according to CoinMarketCap. The February low came just days after spot Bitcoin ETFs saw their worst-ever single-day outflows of $1. 14 billion, as Bitcoin fell from $102, 000 at the start of the month to $84,000. Indicators suggests market is less bearish than previous downturns Crypto market participants use sentiment indexes to gauge the broader market’s sentiment toward the sector and inform their decisions on whether conditions favor buying or selling. The Crypto Fear & Greed Index hasn’t reached a score this low since Feb. 27. me However, Bitwise’s European head of research, Andre Dragosh, argued the situation isn’t as bleak as it may appear when compared with past downturns. “Sentiment index is bearish but less so than during previous corrections despite lower prices,” Dragosh said in an X post on Friday, pointing to Bitwise’s crypto sentiment index showing signs of reversal. “Our Cryptoasset Sentiment Index also continues to show a positive divergence,” Dragosh said. While US President Donald Trump recently signed a bill ending the longest government shutdown in US history, an event some crypto market participants had blamed for recent volatility, uncertainty persists around the US Federal Reserve’s interest-rate cut decision, which is often linked to the crypto market. Bitcoin chart signaling “potentially positive” move ahead Meanwhile, NorthmanTrader founder Sven Henrich told his 503, 400 X. Continue reading Crypto Fear And Greed Index Falls To Lowest Score In 8 Months
