Crypto market fear and greed index fell to its lowest point in two years
The last time the indicator of 8/100, meaning extreme fear, was observed on March 28, 2020
17.05.2022 - 13:15
504
2 min
0
What’s new? As of May 17, the Fear & Greed Index (F&G) of the cryptocurrency market has fallen to its lowest point since March 28, 2020. The sentiment indicator has reached 8/100 (extreme fear), indicating extreme investor concern. The market unrest began after the TerraUSD (UST) stablecoin rate collapsed and Tether (USDT) temporarily lost its peg to the US dollar. On May 12, the bitcoin rate fell as low as $26 700. As of May 17, 16:00 Moscow time, BTC is trading at $30 522 (according to Binance).
Crypto Fear & Greed Index is an indicator that measures the general mood of investors in the market. It is measured on a numerical scale from 0 to 100, where zero means “extreme fear” and 100 means “extreme greed.” Volatility, market volume, capitalization of the first cryptocurrency, trends, as well as social media sentiment are analyzed to determine the index.
When and why did the index fall to a low? On March 28, 2020, the Fear & Greed Index also hit 8/100. This came two weeks after the collapse of the crypto market caused by the coronavirus. Then the bitcoin exchange rate was dropping to $3782.
What happened before? The analysts at Glassnode reported that crypto investors started to get rid of USDT and DAI stablecoins after the collapse of the UST rate. The company said in its weekly report that total volumes of USDT and DAI in circulation fell by 6,75% and 24,4% respectively.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 779
BTC
+2.14%
-
Ethereum
$3 316.48
ETH
+0.97%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.44
XRP
+30.24%
-
Dogecoin
$0.402889
DOGE
+5.72%
-
Cardano
$0.924742
ADA
+18.52%
-
Bitcoin Cash
$485.19
BCH
+1.46%
-
Polkadot
$6.34
DOT
+9.73%
-
Stellar XLM
$0.293522
XLM
+22.96%
-
Litecoin
$89.95
LTC
+1.72%