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NewsBTC 2022-08-31 19:00:44

Crypto Market Stays In Deep Fear As Bitcoin Continues To Struggle

Data shows the crypto market has been deep into fear recently as the price of Bitcoin has struggled, but sentiment is still not inside extreme fear. Crypto Fear And Greed Index Shows Investors Are Fearful Right Now According to the latest weekly report from Arcane Research, the crypto market sentiment has remained stable in deep fear territory during the past week. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that moves from zero to hundred for representing this sentiment. All values on the upper side of 50 indicate a greedy market, while those below the mark imply investors are fearful. Related Reading: Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market Values of the indicator towards the end of the range signify sentiments of “extreme greed” (more than 75) and “extreme fear” (less than 25). Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: The value of the metric seems to have come down in recent days | Source: Arcane Research's The Weekly Update - Week 34, 2022 As you can see in the above graph, the crypto fear and greed index had been climbing up for a few weeks and almost entered into the greed territory as prices of coins like Bitcoin rallied up. However, with the end of the rally, the market sentiment immediately p...

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