• Latest
  • Trending
Fickle Bitcoin Market Surges From Fear To Greed In A Flash

Fickle Bitcoin Market Surges From Fear To Greed In A Flash

October 14, 2021
Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

June 30, 2022

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

June 30, 2022
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

June 30, 2022
Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

June 30, 2022
Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

Investors Are Counting On These Stocks To Pay Their High Yield Dividends | by Mark Hake | The Capital | Jun, 2022

June 30, 2022
Interlay (INTR) Trading Starts June 30 – Deposit Now

Interlay (INTR) Trading Starts June 30 – Deposit Now

June 30, 2022
Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

Announcing the Relay VSCode extension | by Coinbase | Jun, 2022

June 30, 2022
Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

June 30, 2022
  • Contact Us
  • Privacy Policy
Thursday, June 30, 2022
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Fickle Bitcoin Market Surges From Fear To Greed In A Flash

Automatic by Automatic
October 14, 2021
in Crypto, Top News
0
Fickle Bitcoin Market Surges From Fear To Greed In A Flash
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The Bitcoin fear and greed index has started to quickly change to extreme greed as the crypto continues to rally up.

Bitcoin Fear And Greed Needle Starts Pointing At Extreme Greed

As per the latest weekly report from Arcane Research, the fear and greed index quickly turned to extreme greed values last week.

The “fear and greed index” is a Bitcoin indicator that shows the general crypto market sentiment at the time. The metric uses a numerical scale of one to hundred for displaying the different sentiments.

Values close to zero fall under the “extreme fear” category while values at the other end imply “extreme greed.” When the indicator shows neither too large, nor too low values, the sentiment falls under either “fear” or “greed” depending on which side around 50 the value is.

Now, here is a chart that shows how the indicator’s value has changed over the years for Bitcoin:

Related articles

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

June 30, 2022

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

June 30, 2022
Looks like the crypto market has quickly turned greedy | Source: The Arcane Research Weekly Update - Week 40

As the above graph shows, the sentiment had turned greedy last week after a fearful September, and the values are now entering into the extreme greed category.

While the month of September had some moves up, it also had several price crashes, and that’s why the sentiment was that of fear for the most part.

Related Reading | TA: Ethereum Follows Bitcoin, Why ETH Could Surge Towards $4K

The indicator dipped all the way down to extreme fear on 30th September, but in under two weeks the sentiment has already rebounded back to extreme greed. The report notes that this shows how fast the sentiment can change among the crypto market.

Right now, BTC is showing some strong momentum upwards as the coin broke $58k for the first time since May today. An on-chain indicator shows that both the long-term holders and the short-term holders are in profit right now so it’s not a surprise that the market has started turning greedy.

Related Reading | Why Bitcoin Could Be Far From $100,000, Says Fidelity Analyst

BTC Price

At the time of writing, Bitcoin’s price floats around $57.2k, up 6% in the last seven days. Over the last month, the crypto has gained 22% in value.

The below chart shows the trend in the price of the coin over the last five days:

Bitcoin Price Chart

Bitcoin's price shows a lot of volatility while keeping up an overall upwards trend | Source: BTCUSD on TradingView

Usually, when the crypto market sentiment reaches the extreme greed territory, the market observes a correction at least in the short term. The BTC price did have a minor dip yesterday and the fear and greed values have left the extreme greed territory today as the indicator now points at greed.



Source link

ShareTweetShareShare
Previous Post

Estonia‘s Head of AML Agency Proposes a 28x Increase in Minimum Capital Requirement for Crypto Firms

Next Post

Where to buy Chainlink as LINK rises by 8%

Related Posts

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

by Automatic
June 30, 2022
0

●Bitcoin (BTC): $18,928 −7.0% ●Ether (ETH): $1,020 −8.9% ●S&P 500 daily close: 3,785.38 −0.9% ●Gold: $1,808 per troy ounce −0.3%...

IamFuture launches the exclusive Web3 ecosystem that is built to master the cycles of the market.

by Automatic
June 30, 2022
0

AMSTERDAM, NORTH HOLLAND, THE NETHERLANDS, June 28, 2022 (GLOBE NEWSWIRE) — The international innovation team IamFuture is unfazed by the...

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

by Automatic
June 30, 2022
0

Institutional investors have been bearish toward Ethereum for a while now. There have been outflows rocking the digital asset until...

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues

by Automatic
June 30, 2022
0

Facebook will support nonfungible tokens (NFTs) with a “digital collectibles” tab on creators’ timelines to display their work. Meta technical...

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

Grayscale’s Bitcoin Fund Reaches Record Discount After SEC Snub

by Automatic
June 30, 2022
0

Alex Dovbnya Grayscale Bitcoin Fund's discount has hit a record at 35% Shares of Grayscale Bitcoin Trust (GBTC) started trading...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store

Top News

Starbucks joins NFT party, UK government seeks stablecoin regulations and Crypto Twitter rallies behind cancer fighter, Hodler’s Digest: Apr. 3-9

Katie Haun’s VC Firm Leads $11M Round for Web 3 Community Platform Highlight

SHIB to List on DeFi Exchange Parex Tomorrow

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • Store

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT