THELOGICALINDIAN - 18 canicule ago on March 28 the Crypto Abhorrence and Acquisitiveness Index broke the acquisitiveness position scoring a 60 for the aboriginal time in four months Since that day bitcoin has absent added than 7500 in USD amount and hit a low of 39200 per assemblage on April 11 The abatement has pushed the Crypto Abhorrence and Acquisitiveness Index aback bottomward to the acute abhorrence position with a account of 22
Crypto Sentiment Index Slides to ‘Extreme Fear,’ Bitcoin’s USD Value Is Down 35.7% Year-to-Date
On Friday, April 15, 2022, the amount of bitcoin (BTC) has consolidated for now, afterwards extensive a low four canicule ago. BTC’s 24-hour ambit on Friday has been amid $39,823.77 to $40,709.11 per unit, with almost $22 billion account of all-around trading volume.
Bitcoin is bottomward 7.2% this accomplished anniversary and two-week statistics appearance the arch crypto asset has absent almost 11.3%. Year-to-date, bitcoin’s amount adjoin the U.S. dollar is 35.7% lower than a year ago today.
While bitcoin’s bazaar assets on Friday is about $767 billion it represents 38.91% of the accepted $1.97 abundance crypto economy. Today’s top trading brace with BTC is binding (USDT) with 60.88% of all trades worldwide. Binding is followed by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (3.28%).
On April 15, the Crypto Fear and Greed Index broke the “extreme fear” position and has a accepted account of 22. Yesterday, it was 28 which represents “fear” and the anniversary prior, the account was 37, which additionally agency “fear.”
The Crypto Fear and Greed Index leverages bazaar affect and crunches it bottomward into a simple cardinal and description. Affect indexes are acclimated in acceptable banking markets as well. Banking businesses, universities, and media organizations like CNN, the University of Michigan, Nasdaq’s ISEE Index, and added use these affect indexes to barometer how the bazaar feels.
Bitcoin is the ninth-largest all-around asset today, in agreement of bazaar capitalization, aloft Berkshire Hathaway’s bazaar appraisal ($760.36B), and beneath Tesla’s assets ($1.018T).
The aftermost time the Crypto Abhorrence and Acquisitiveness Index broke a 22 was March 22, or 24 canicule ago. The Crypto Abhorrence and Acquisitiveness Index hosted on alternative.me explains acute abhorrence and acquisitiveness can accept two meanings.
“’Extreme fear’ can be a assurance that investors are too worried. That could be a affairs opportunity,” the website explains. “When Investors are accepting too ‘greedy,’ that agency the bazaar is due for a correction.”
What do you anticipate about today’s Crypto Abhorrence and Greed Index abstracts extensive acute fear? Let us apperceive what you anticipate about this accountable in the comments area below.
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