Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to ‘Extreme Fear’ – Markets and Prices Bitcoin News

On January 8, 2022, the cost of bitcoin dropped to $40,517 per system simply after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Worry & Greed Index (CFGI), belief reveals “severe worry” is in the air, and the CFGI rating is a 10. The last time the CFGI rating was this low was 171 days earlier on July 21, 2021.

Existing CFGI Belief Reveals ‘Extreme Worry’ — Bitcoin’s Rate 39% Lower Than All-Time High

Digital currency markets shed billions in worth this previous week and the leading crypto property bitcoin (BTC) lost near 10% throughout the last 7 days. On Saturday, January 8, 2022, the cost struck its floor because completion of September 2021, tapping a low of $40,517 per system this afternoon.

Bitcoin’s international trade volume on Saturday is approximately $23.6 billion. BTC’s biggest trading set is tether (USDT) which commands 61.46% of all trades today. This is followed by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%), and EUR (3.21%).

Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiments Points to 'Extreme Fear'
The cost of bitcoin dropped to $40,517 per system simply after 1 p.m. (EST) on Saturday afternoon.

BTC’s leading exchange on Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s international trade volume today just represents 23.69% of the $99.6 billion in trades amongst all the possessions in the crypto economy. While BTC commands $23.6 billion in trade volume, tether (USDT) records $46.7 billion in trade volume worldwide.

BTC’s 24 hr variety on Saturday has actually been in between $40,517.66 to $42,702.09. The Crypto Worry & Greed Index (CFGI) hosted on the internet portal suggests the existing CFGI rating is 10. This indicates “severe worry” as the tool “evaluates feelings and beliefs from various sources and crunch them into one easy number.”

The CFGI rating hasn’t been this low because the summer season, on July 21, 2021, which was approximately 171 days earlier. Ball game has actually altered a good deal because even the other day, when the CFGI tape-recorded the “severe worry” belief rating at 18. Recently the CFGI rating was 21, and one month prior it was 29.

Year-to-date, bitcoin (BTC) on Saturday, January 8, 2022, BTC is just up 6.4%. Nevertheless, BTC is down 39% lower because its all-time high (ATH) 2 months earlier on November 10, 2021. Bitcoin is up, nevertheless, 61,932.6% because July 6, 2013, or 8 years earlier when it was $67.81 per coin.

Tags in this story
evaluates feelings, evaluates beliefs, Bitcoin (BTC), BitFinex, BitStamp, CFGI, Coinbase, Crypto, Crypto Worry & Greed Index, Cryptocurrency, Ethereum (ETH), severe worry, Fiat sets, FTX.US, July 21 2021, Kraken, Markets, sets, Costs, Rating, Rating 10, Tether, USDT

What do you think of the Crypto Worry & Greed Index rating today? Let us understand what you think of this topic in the remarks area listed below.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech reporter living in Florida. Redman has actually been an active member of the cryptocurrency neighborhood because 2011. He wants Bitcoin, open-source code, and decentralized applications. Given that September 2015, Redman has actually composed more than 5,000 posts for News about the disruptive procedures emerging today.

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