Recently fluctuating within the realms of “greed” and “extreme greed,” the Crypto Fear and Greed Index transitioned into a “neutral” phase on Sunday, Jan. 28, 2024. This shift coincides with bitcoin’s value jumping slightly over $42,000. In the preceding week, bitcoin experienced a subtle rise, approximately 1.5%, in comparison to the U.S. dollar.
From Greed to Neutrality — Market Sentiment Cools
Bitcoin’s value currently stands at $42,478 per coin, exhibiting an intraday fluctuation from $41,396 to $42,824 per unit. As of Sunday, the foremost cryptocurrency’s market capitalization slightly exceeds $833 billion, coupled with a global trade volume of $14.33 billion. In the broader $1.715 trillion crypto economy, BTC’s dominance is marked at 48.6%.
Bitcoin chart by TradingView
Over the course of this weekend, the Crypto Fear and Greed Index (CFGI) hosted on alternative.me observed a shift from “greed” to “neutral” between Saturday and Sunday. In the pas
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