Wednesday, May 31, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Crypto Market Stays In Deep Fear As Bitcoin Continues To Struggle

by crypetonews
August 31, 2022
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on Twitter


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.

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 plummeted back down into the depths of fear, showing the investor mentality was quite weak to begin with.

The current value of the indicator is just 27, which is only two points away from the extreme fear territory. This is a slight decline over the last seven days as the metric had a value of 28 then.

Crypto And Bitcoin Fear

Looks like the value of the indicator was 42 last month | Source: Arcane Research’s The Weekly Update – Week 34, 2022

Nonetheless, the report points out that at the same low $20k levels of the Bitcoin price as now, the market sentiment was much worse back in June as it was firmly inside extreme fear.

This implies that investors are now more comfortable at these price levels than compared to a couple of months back.

BTC Price

At the time of writing, Bitcoin’s price floats around $20.3k, down 5% in the last week. Over the past month, the crypto has lost 14% in value.

The below chart shows the trend in the price of the coin over the last five days.

Bitcoin Price Chart

The value of the crypto has been mostly moving sideways during the past few days | Source: BTCUSD on TradingView
Featured image from Peio Bty on Unsplash.com, charts from TradingView.com, Arcane Research



Source link

Tags: BitcoinContinuescryptoDeepFearMarketStaysStruggle
Previous Post

Metaverse success depends on corporate adoption

Next Post

Meta CEO Mark Zuckerberg continues to struggle in pitching the metaverse

Related Posts

Covering the 2024 Presidential Election
Crypto Updates

Covering the 2024 Presidential Election

May 31, 2023
XRP Community Voices Appreciation To Deaton For Defending Their Interests Against SEC
Crypto Updates

XRP Community Voices Appreciation To Deaton For Defending Their Interests Against SEC

May 31, 2023
UAE Central Bank Issues AML Guidance for Virtual Assets
Crypto Updates

UAE Central Bank Issues AML Guidance for Virtual Assets

May 31, 2023
China’s Crypto Innovator Cautions Hong Kong On Digital Assets
Crypto Updates

China’s Crypto Innovator Cautions Hong Kong On Digital Assets

May 31, 2023
Bitcoin BTC Price and volatility have a tricky relationship.
Crypto Updates

Bitcoin BTC Price and volatility have a tricky relationship.

May 31, 2023
Paxful Appoints New CEO, Will The P2P Ramp Launch A Token?
Crypto Updates

Paxful Appoints New CEO, Will The P2P Ramp Launch A Token?

May 30, 2023
Next Post
Meta CEO Mark Zuckerberg continues to struggle in pitching the metaverse

Meta CEO Mark Zuckerberg continues to struggle in pitching the metaverse

Ethereum Protocol Fellowship: The Third Cohort

Ethereum Protocol Fellowship: The Third Cohort

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Binance Japan Representative Says Stablecoins Are ‘the Glue’ Between the Real Economy and Blockchain
Bitcoin

Binance Japan Representative Says Stablecoins Are ‘the Glue’ Between the Real Economy and Blockchain

by crypetonews
May 26, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

Why the Gallery Climate Coalition’s New York chapter is so crucial

Why the Gallery Climate Coalition’s New York chapter is so crucial

May 30, 2023
the Pop artist who dodged Hitler’s torpedoes and life on a building site

the Pop artist who dodged Hitler’s torpedoes and life on a building site

May 30, 2023
Ripple Acquires Undisclosed Stake in Crypto Exchange Bitstamp

Ripple Acquires Undisclosed Stake in Crypto Exchange Bitstamp

May 25, 2023
fostering responsible gambling for a sustainable ecosystem

fostering responsible gambling for a sustainable ecosystem

May 26, 2023
Zhengzhou City proposes metaverse plan

Zhengzhou City proposes metaverse plan

May 26, 2023
  • Trending
  • Comments
  • Latest
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

Celsius Creditors Aim To Expose FTX Users In Alleged Crypto Trading Scandal

April 27, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

34
Will XEN Crypto 100x from $0.000002? Honest Review and Price Prediction!

Will XEN Crypto 100x from $0.000002? Honest Review and Price Prediction!

26
Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers

Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers

May 31, 2023
Covering the 2024 Presidential Election

Covering the 2024 Presidential Election

May 31, 2023
Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar

May 31, 2023
T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

T-Mobile’s Parent Company Becomes Validator on Polygon (MATIC) Network

May 31, 2023
Crypto Scammer Manipulates Cancer Story To Peddle NFTs

Crypto Scammer Manipulates Cancer Story To Peddle NFTs

May 31, 2023
XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

XRP, Litecoin, Tradecurve emerging as top performing cryptos in May

May 31, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Pixel Penguins Scam and Ensuing Drama Shows Danger of Trusting CT Influencers
  • Covering the 2024 Presidential Election
  • Next Cryptocurrency to Explode Wednesday 31 May – RobotEra, Filecoin, Solar
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In