Greed

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-sentiment-hits-extreme-greed-amid-etf-application-excitement/" data-wpel-link="internal">Bitcoin Sentiment Hits “Extreme Greed” Amid ETF Application Excitement</a><br></p>
<p style="text-align: justify">While the excitement over spot ETF applications continues to dominate the cryptocurrency markets, including <strong><a href="https://en.coin-turk.com/bitcoin-surpasses-43000-a-look-at-the-market-and-etf-speculation/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong>, the Crypto Fear and Greed Index has entered the “extreme greed” zone.</p> 
<h2 id="fear-index-on-the-rise">Fear Index on the Rise</h2> 
<p style="text-align: justify">According to the Crypto Fear and Greed Index, <strong>Bitcoin’s</strong> market sentiment score is currently at 76 out of a possible 100. This is the highest score since Bitcoin’s peak price in mid-November 2021, around $69,000. The Bitcoin sentiment index briefly turned to “extreme greed” on December 5th with a score of 75. On December 4th, Bitcoin broke the $40,000 barrier and rose to $44,000 the following day.</p> 
<p style="text-align: justify">Previously, the index had reached “extreme greed” on November 11, 2021, with a score of 77, just one day after Bitcoin had hit its all-time high price. The Crypto Fear and Greed Index collects and measures data from six key market performance indicators: volatility (25%), market momentum and volume (25%), <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> (15%), surveys (15%), Bitcoin’s dominance (10%), and trends (10%).</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299895 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/korku.webp" alt="" width="1192" height="559"></p> 
<h2 id="historical-data-of-the-index">Historical Data of the Index</h2> 
<p style="text-align: justify">When BlackRock filed for a spot Bitcoin ETF on June 15th, the market sentiment score was at 41 in the “Fear” zone, but it rose to 59 (Greed zone) six days later as several other asset managers followed BlackRock’s lead. The highest recorded market sentiment score was 95 on June 26, 2019, while the lowest score recorded was seven on June 16, 2022, following the collapse of Do Kwon’s Terra ecosystem.</p> 
<p style="text-align: justify">In conclusion, the impact of spot ETF applications on the cryptocurrency market is evident with high greed for Bitcoin, as reflected by a score of 76 on the Crypto Fear and Greed Index. BlackRock’s spot Bitcoin ETF application on June 15th and the follow-up by other companies increased the market sentiment score. The index recorded its highest score on June 26, 2019, while its lowest score was on June 16, 2022. During this period, the price of Bitcoin has retreated to $46,850 at the time of writing.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-sentiment-hits-extreme-greed-amid-etf-application-excitement/" data-wpel-link="internal">Bitcoin Sentiment Hits “Extreme Greed” Amid ETF Application Excitement</a></h5>

Bitcoin Sentiment Hits “Extreme Greed” Amid ETF Application Excitement

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