Data shows the crypto market was fearful for almost the entirety of 2022 and has so far continued the streak into the new year.
Crypto Fear And Greed Index Continues To Point At “Fear”
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 runs from 0-100 for displaying the sentiment. When the indicator sees values above 50, it means the market is being greedy currently. On the other hand, values below the threshold suggest investors are fearful right now.
The index also has two special regions, called “extreme fear” and “extreme greed.” The former occurs when the metric assumes values lower than 25, while the latter is observed at values higher than 75.
The significance of extreme fear is that cryptos like Bitcoin have historically seen bottom formations when the indicator has been in this zone. Because of this, some traders believe extreme fear provides the best bu
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