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"Index appears to have bottomed out as the daily signal (grey) is projecting upside pressure. After four weeks of consolidation, this indicator is tactically bullish and Bitcoin prices could resume the uptrend," Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday. Source
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Amid the turbulence, the Bitcoin price has finally fallen below the $29,000 support. This decline points to the bears taking over the
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Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $29,809, down slightly over the past 24 hours. At one point during the day, BTC dipped perilously near a one-month low set earlier this week near $29,500. More than five weeks after spiking following multiple spot bitcoin ETF filings,
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Ether (ETH), the second-largest cryptocurrency by market value, has gained 15.9% since last Thursday, underperforming bitcoin by a notable margin. Ether's GFI index is yet to reach 90%, meaning it could continue to rise, while bitcoin takes a breather. Source
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The index, which measures the current sentiment in the crypto market, reached its highest point since 2021 last week hitting a rating of 68. Original Source
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The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021.A March 20 update of the Index showed a score of 66, placing it firmly within the "Greed" territory.The Index's score of 66
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The Bitcoin Fear and Greed Index is at a 16-month high, rising to 64, as traders appear to be optimistic of the coin’s prospects. Bitcoin traders are greedy According to the index’s reading on Mar. 18, it appears that traders are “greedy” and looking to buy more coins and ride the march higher. The
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Last month, statistics showed that the Crypto Fear and Greed Index (CFGI) had a score of 25, indicating “extreme fear.” Thirty days later, with a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting “greed.” Crypto Fear Index Jumps to
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Despite the headlines, the industry still has a lot to offer the world, says the Giving Block's Pat Duffy. Source
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