Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to 'Extreme Fear'
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Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to 'Extreme Fear'

THELOGICALINDIAN - On January 8 2022 the amount of bitcoin alone to 40517 per assemblage aloof afterwards 1 pm EST on Saturday afternoon According to the Crypto Abhorrence Greed Index CFGI affect shows acute abhorrence is in the air and the CFGI account is a 10 The aftermost time the CFGI account was this low was 171 canicule ago on July 21 2024

Current CFGI Sentiment Shows ‘Extreme Fear’ — Bitcoin’s Price 39% Lower Than All-Time High

Digital bill markets afford billions in amount this accomplished anniversary and the arch crypto asset bitcoin (BTC) absent abutting to 10% during the aftermost seven days. On Saturday, January 8, 2022, the amount hit its everyman point back the end of September 2021, borer a low of $40,517 per assemblage this afternoon.

Bitcoin’s all-around barter aggregate on Saturday is almost $23.6 billion. BTC’s better trading brace is binding (USDT) which commands 61.46% of all trades today. This is followed by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%), and EUR (3.21%).

BTC’s top barter on Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s all-around barter aggregate today alone represents 23.69% of the $99.6 billion in trades amid all the assets in the crypto economy. While BTC commands $23.6 billion in barter volume, binding (USDT) captures $46.7 billion in barter aggregate worldwide.

BTC’s 24 hour ambit on Saturday has been amid $40,517.66 to $42,702.09. The Crypto Fear & Greed Index (CFGI) hosted on the web aperture indicates the accepted CFGI account is 10. This credibility to “extreme fear” as the apparatus “analyzes affections and sentiments from altered sources and crisis them into one simple number.”

The CFGI account hasn’t been this low back the summer, on July 21, 2024, which was almost 171 canicule ago. The account has afflicted a abundant accord back alike yesterday, back the CFGI recorded the “extreme fear” affect account at 18. Last anniversary the CFGI account was 21, and 30 canicule above-mentioned it was 29.

Year-to-date, bitcoin (BTC) on Saturday, January 8, 2022, BTC is alone up 6.4%. However, BTC is bottomward 39% lower back its best aerial (ATH) two months ago on November 10, 2021. Bitcoin is up, however, 61,932.6% back July 6, 2013, or eight years ago back it was $67.81 per coin.

What do you anticipate about the Crypto Fear & Greed Index account today? Let us apperceive what you anticipate about this accountable in the comments area below.

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