The expectation that the Fed will cut interest rates after the banking crisis in the USA Bitcoin (BTC) This led to a rise in all cryptocurrencies, including.
Leading cryptocurrency BTC $28,000, the largest altcoin Ethereum (ETH) exceeded $1,800.
These rises in BTC and altcoins also increased the risk appetite of investors.
What Is The Fear And Greed Index?
People tend to invest in rising products and this FOMO is called. Conversely, when the market goes down, people FUDand the effect of sales increases.
Accordingly, extreme fear can be a buying opportunity as it indicates that people are very worried and the price is at the bottom.
Excessive greed, on the other hand, could mean that there may be a correction in the market.
In this context, it 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, which try to measure the emotional reflexes of crypto money investors. “fear and greed index” out of 100 today 68 calculated as points.
The fear and greed index reached its highest level in 16 months with 68 points.
The index, which was calculated as 66 points yesterday, was calculated as 56 points last week.
bitcoin And the greed of cryptocurrency investors means more unregulated buying in the hopes of higher returns, and prices skyrocketing. Although the market maker punishes this greed from time to time, investors also need to be greedy for the rallies to continue.
Because in the rally that Bitcoin started towards the end of 2020, “The Fear and Greed Index” We see that it goes up to 95 points.
Continuing the volatile movements before the FED bitcoin At the time of writing, it has risen above $28,000 and is trading at $28,190.
*Not investment advice.
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