Fun

While Markets Consolidate, Crypto Fear and Greed Index Points to ‘Extreme Fear’

News Feed - 2022-04-16 09:04:32

While Markets Consolidate, Crypto Fear and Greed Index Points to "Extreme Fear"


18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The downturn has pushed the Crypto Fear and Greed Index back down to the “extreme fear” position with a score 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 price of bitcoin (BTC) has consolidated for now, after reaching a low four days ago. BTC’s 24-hour range on Friday has been between $39,823.77 to $40,709.11 per unit, with roughly $22 billion worth of global trading volume.


Bitcoin is down 7.2% this past week and two-week statistics show the leading crypto asset has lost roughly 11.3%. Year-to-date, bitcoin’s price against the U.S. dollar is 35.7% lower than a year ago today.



While bitcoin’s market capitalization on Friday is around $767 billion it represents 38.91% of the current $1.97 trillion crypto economy. Today’s top trading pair with BTC is tether (USDT) with 60.88% of all trades worldwide. Tether 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 tapped the “extreme fear” position and has a current score of 22. Yesterday, it was 28 which represents “fear” and the week prior, the score was 37, which also means “fear.”



The Crypto Fear and Greed Index leverages market sentiment and crunches it down into a simple number and description. Sentiment indexes are used in traditional financial markets as well. Financial businesses, universities, and media organizations like CNN, the University of Michigan, Nasdaq’s ISEE Index, and more use these sentiment indexes to gauge how the market feels.


Bitcoin is the ninth-largest global asset today, in terms of market capitalization, above Berkshire Hathaway’s market valuation ($760.36B), and below Tesla’s capitalization ($1.018T).


The last time the Crypto Fear and Greed Index tapped a 22 was March 22, or 24 days ago. The Crypto Fear and Greed Index hosted on alternative.me explains extreme fear and greed can have two meanings.


“’Extreme fear’ can be a sign that investors are too worried. That could be a buying opportunity,” the website explains. “When Investors are getting too ‘greedy,’ that means the market is due for a correction.” Tags in this story Bitcoin, Bitcoin (BTC), Bitcoin Obituaries list, CNN, Crypto, crypto economy, Crypto Fear, Crypto Fear and Greed Index, cryptocurrency exchange volume, emotions, Ethereum, Ethereum (ETH), Fear, Greed, ISEE, Sentiment, sentiment gauge, University of Michigan


What do you think about today’s Crypto Fear and Greed Index data reaching extreme fear? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. This Week"s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher MARKETS AND PRICES | 6 days ago A Look at the First Quarter"s Top Performing Cryptocurrencies in 2022 MARKETS AND PRICES | Apr 6, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleYield App’s New Referral Program Offers a Massive Bonus Next articleCrypto and Blockchain Firms Constitute 16% of UAE Free Zone’s Record Q1 Company Registrations Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItUS Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues "Odds of Recession Increase"


As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the ... read more.Leading NFT Marketplace Opensea to Add Solana Support in April US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Indian Government Consulting With IMF, World Bank on Crypto Policy Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%

News Feed

Uzbekistan Collects Over $300,000 From Crypto Sector
Uzbekistan Collects Over $300,000 From Crypto Sector While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from
Make your code immutable to avoid jail, policy exec advises devs
Brayden Lindrea7 hours agoMake your code immutable to avoid jail, policy exec advises devsSmart contracts that can be turned on and off by a multisignature mechanism or governance vote are potentially problematic, says C
Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines
Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved
William Suberg14 hours agoBitcoin price model expects $45K ‘phase’ to hit in NovemberBitcoin remains on track to deliver “possible” further gains of up to 30% versus current BTC price levels, says CryptoCon.5202
WATCH: Deribit CEO Says Crypto Exchange’s $1.3 Million Gaffe Was ‘Wake-Up Call’
Deribit, the Amsterdam-based cryptocurrency exchange, is learning from last week’s $1.3 million mistake. That’s how much Deribit agreed to reimburse customers after an O
Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count 
Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum"s Daily Transfer Count  Since The Merge, Ethereum’s onchain fees have been considerably lower. How
Solana To New ATH Before Christmas – Analyst Expects $300 Soon
Este artículo también está disponible en español. Solana (SOL) has faced a 23% retrace after hitting new all-time highs at $264, testing the resilience of bullish momentu
Yes, Blockchain Dog Tags Really Are a Thing
TwitterFacebookLinkedInReddit Miami, September 13th — Pawtocol, the premier Blockchain company dedicated to th
Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions
Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has dea
Interpol Is Figuring Out How the Metaverse Will Be Policed
Interpol Is Figuring Out How the Metaverse Will Be Policed The International Criminal Police Organization, Interpol, is working on how to police the metaverse, a digital world that
SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
6 Cryptocurrency Exchanges That Don’t Require KYC
6 Cryptocurrency Exchanges That Don’t Require KYC These days, it’s taken as a given that KYC must be endured to trade cryptos on centralized exchanges. In fact, there are