The index rose to 52 for the first time since April 2022

​Fear and Greed Index moves into the “neutral” zone for the first time in nine months

17.01.2023 - 07:15

423

1 min

What’s new? On January 15, the Crypto Market Fear & Greed Index (F&G) rose to 52 for the first time since April 2022. That means investor sentiment has shifted into neutral territory, probably helped by the rise in the bitcoin rate. BTC is trading at $21 109 as of 06:50 UTC on January 17, having gained 22,44% in the past week, according to Binance. The F&G indicator is down to 51, still in a neutral sentiment range.

Alternative.me’s data

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 (“extreme fear”) to 100 (“extreme greed.”) Various data such as volatility, bitcoin capitalization, market volume, as well as social media sentiment are analyzed to determine the index.

On May 17, the F&G index was down to its lowest level since March 28, 2020, hitting 8/100. Market turmoil began after the collapse of the TerraUSD (UST) stablecoin rate and the loss of the Tether (USDT) peg to the US dollar.

On June 16, the market sentiment indicator fell to its lowest level since the COVID-19 pandemic, reaching a value of 7, which means “extreme fear”. The reasons for the decline were the prevailing bearish trend and the fall in the value of bitcoin.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy