Crypto Fear and Greed Index score hits a 5-month low, analysis sentiment points to “extreme fear” – Market and Price Bitcoin News

On January 8, 2022, on Saturday afternoon (US Eastern Time) just after 1 pm, the price of Bitcoin dropped to $40,517 per unit. According to the Cryptocurrency Fear and Greed Index (CFGI), sentiment shows that “extreme fear” is spreading, with a CFGI score of 10. The last time the CFGI score was so low was on July 21, 2021, 171 days ago.

The current CFGI sentiment shows “extreme fear”-the price of Bitcoin is 39% below its historical high

In the past week, the value of the digital currency market has shrunk by billions, and the leading crypto asset Bitcoin (Bitcoin) Lost nearly 10% in the past 7 days. On Saturday, January 8, 2022, the price fell to its lowest point since late September 2021, and reached a low of $40,517 per unit this afternoon.

Bitcoin’s global trading volume on Saturday was approximately 23.6 billion U.S. dollars. BitcoinThe largest trading pair is Tether (USDT) Accounted for 61.46% of all transactions today. This is followed by the US dollar (14.73%), BUSD (6.79%), Korean won (3.64%), Japanese yen (3.27%) and Euro (3.21%).

The Crypto Fear and Greed Index score hits a 5-month low, and the analysis sentiment points to
On Saturday afternoon (US Eastern Time) just after 1 pm, the price of Bitcoin fell to $40,517 per unit.

BitcoinThe number one exchange on Saturday was FTX.US, followed by Coinbase, Bitfinex, Kraken and Bitstamp. BitcoinToday’s global transaction volume only accounts for 23.69% of the $99.6 billion in transactions in all assets of the crypto economy.although Bitcoin The transaction value is 23.6 billion U.S. dollars, the tether (USDT)’S global trade volume is 46.7 billion U.S. dollars.

BitcoinThe 24-hour range on Saturday is between US$40,517.66 and US$42,702.09.This Crypto Fear and Greed Index (CFGI) The data hosted on the web portal shows that the current CFGI score is 10. This indicates “extreme fear” because the tool “analyzes emotions and sentiments from different sources and compresses them into a simple number”.

Since the summer of July 21, 2021 (approximately 171 days ago), the CFGI score has never been lower. The score has changed a lot since yesterday, when CFGI recorded the “Extreme Fear” emotional score as 18. The CFGI score last week was 21, while the score 30 days ago was 29.

Year to date, Bitcoin (Bitcoin) Saturday, January 8, 2022, Bitcoin Only up 6.4%. However, Bitcoin It has fallen by 39% since it hit an all-time high (ATH) on November 10, 2021, two months ago. However, Bitcoin has risen by 61,932.6% since July 6, 2013 or eight years ago at $67.81 per coin.

Tags in this story

Analyze sentiment, Analyze sentiment, Bitcoin (BTC), Bitcoin, Bit stamp, CFGI, Coin Bank, encryption, Crypto Fear and Greed Index, Cryptocurrency, Ethereum (ETH), Extreme fear, Fiat currency pair, FTX.US, July 21, 2021, Kraken, market, right, price, Fraction, Score 10, Tether, USDT

What do you think of today’s crypto fear and greed index score? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles about destructive protocols emerging today for News.

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