Crypto market fear and greed index fell to lowest since the beginning of the COVID-19 pandemic
This may have been influenced by the prevailing bearish trend, as well as the decline in the rate of the first cryptocurrency
17.06.2022 - 15:00
359
2 min
0
What’s new? On June 16, the Fear & Greed Index (F&G) fell to its lowest point since the COVID-19 pandemic, reaching a value of “7,” meaning “extreme fear.” This could have been influenced by the prevailing bearish trend and the decline in bitcoin value. A day later, the indicator rose to “9,” still in a range that demonstrates investors' extreme concern. As of June 17 at 13:50 UTC, BTC is trading at $20 858, having lost 29,36% in a week, according to Binance.
The Fear and Greed Index is an indicator that measures the general mood of investors in the market. It is measured on a numerical scale from 0 (“extreme fear”) to 100 (“extreme greed”). Various data such as volatility, bitcoin capitalization, market volume, and social media sentiment are analyzed to determine the index.
What do analysts say? Trader and crypto analyst Peter Brandt admitted the probability of BTC's value dropping to $12 700. According to him, reaching new price highs before 2024 is almost impossible.
DoubleLine Capital co-founder Jeffrey Gundlach considers possible decrease in bitcoin rate to $10 000. He saw BTC's rapid drop to $20 000 as natural after bulls failed to provide support at the $30 000 level.
On May 17, the F&G index was down to its lowest level since March 28, 2020, hitting 8/100. The market turmoil began after the TerraUSD stablecoin (UST) crash and the loss of the Tether (USDT) peg to the US dollar.
Useful material?
Telegram 
Twitter Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$76 112
BTC
+0.59%
-
Ethereum
$2 898.19
ETH
+6.63%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.554945
XRP
+2.21%
-
Dogecoin
$0.193447
DOGE
-1.45%
-
Cardano
$0.400288
ADA
+10.33%
-
Bitcoin Cash
$378.34
BCH
-0%
-
Polkadot
$4.16
DOT
+1.06%
-
Litecoin
$71.69
LTC
+0.87%
-
Stellar XLM
$0.101993
XLM
+4.98%