bitcoin today, it almost painted the entire market red. Especially after the US stock markets made negative price movements again, BTC, which saw below $ 37,000, seriously shook the market.
While the daily loss was 12 percent in BTC, the loss in ETH increased to 16 percent. In particular, the expected rate hike from the FED reduced the risk appetite in all markets to a minimum.
on the other hand BTCAt the moment, the most important level is seen as 34,000 – 35,000 dollars.
Fear and Greed Index Bottoms
The fear and greed index, which is calculated based on the trends of market volatility, market volume acceleration, social media interest, Bitcoin dominance graph and the types of research on cryptocurrencies on the internet, gave the lowest score in recent days today.
The index, which is in the position of “extreme fear” with 19 points, actually reveals the perception of the investor.
Because exactly one year ago today, the BTC price was again trading at the level of $ 36,000. However, at that time, the fear and greed score was signaling “extreme greed” at 75 points. Currently, although the BTC price is at the same levels, this score is at 19 levels.
Especially with the sharp decline in BTC, many metrics have fallen to the bottom. If you want to learn how the fear and greed index should be interpreted, you can click on the link: bitcoinsistemi.com/korku-ve-acgozluluk-indeeksi/