Fear and Greed Index of the crypto market rises to its highest since the fall of 2021
The index reached 69, which indicates the “greed” of investors
17.04.2023 - 11:00
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What’s new? On April 17, the Crypto Market Fear & Greed Index (F&G)) reached 69 out of a possible 100 points. The last time the index exceeded that value was on November 16, 2021, at which time it was 71/100 and the bitcoinrate reached an all-time high (ATH) of $69 000. As of 10:20 UTC, BTC is trading at $29 836 on Binance, down by 1,44% overnight, while adding 5,3% over the past week, according to CoinGecko.
Index indicator on Alternative.me’s website
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.
Почему важно учитывать “Индекс страха и жадности”
Рассказываем о принципах действия индекса, а также о том, как он помогает анализировать рыночные тенденции.
Situation in the crypto market. On the morning of April 11, the rate of the first cryptocurrency was able to overcome the psychological mark of $30 000 for the first time since June 2022. The number of bitcoins inactive for two years also reached a historic high in April, the figure was 53%.
Analytics firm Santiment said that the continued rise in the number of long-term holders of bitcoin could signal the start of a bull market. A similar trend was seen from January to April 2021, when the BTC rate rose above $64 000 for the first time.
According to Larry Lepard, head of Equity Management, the bitcoin rate could rise to $10 million as a result of the dollar crash, and its key advantage over gold will be limited issuance.
Macro investor Dan Tapiero predicts an 8-fold increase in the capitalization of the crypto market
According to the entrepreneur, the bitcoin rate in this case will reach $300 000-$500 000
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