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Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K

Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K


NewsBTC
2022-06-22 19:00:37
Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K

Data shows the crypto market has been observing extreme fear for two months now, leaving investors in panic as Bitcoin has crashed to $20k. Crypto Fear And Greed Index Is Still Pointing To “Extreme Fear” As per the latest weekly report from Arcane Research, the cryptocurrency market has now been facing extreme fear for two months now, the longest streak in history. The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values greater than fifty imply that investors are greedy at the moment, while those below the threshold signify a fearful market. Edge values of above 75 and below 25 mean holder sentiments of “extreme greed” and “extreme fear,” respectively. Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: Looks like the value of the indicator has been very low recently | Source: Arcane Research's The Weekly Update - Week 24, 2022 As you can see in the above graph, the crypto fear and greed index has a value of 9 right now, suggesting that the market is extremely fearful. Such low sentiment values have now persisted for two months now, making this the longest extreme fear run the market has ever seen. Related Reading | Crypto Market Crashes Further: Bitcoin (BTC) ...

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