Greed

Franklin

Bitcoin

BlackRock

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<p dir="ltr">On Friday, Bitcoin Fear &amp; Greed Index entered the “fear” zone, dropping to 37, according to CryptoQuant data.</p> <img height="351" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMKEr5ofxxOKMPsN7czf3AzrsKMN1U29SVD9RRwvUA2MKnLtv44QAui96-1cx7alXutFScpZJvx3UtI4p8chAeEVCMaBe8V881nGFFoD4M722i9jSMQZ6beVNGKo-MM7hyH_NGt1PitPCrny-wBDyikg4?key=YNvDjZuLmIiQSEXZS8x9Hw" width="624">Source: CryptoQuant 
<p dir="ltr">However, on Saturday morning, the index shows signs of recovery, staying in the neutral zone. At press time, BTC Fear &amp; Greed Index is at 47, which is considered mild.</p>
<p dir="ltr">The flagship cryptocurrency has risen 1.15% since then and is now traded at $62,222.</p> <img alt=" " data-entity-type="file" data-entity-uuid="0581323c-583b-4540-acae-a23711cf3463" src="https://u.today/sites/default/files/inline-images/BTC_1D_graph_coinmarketcap_8.jpeg">Source: CoinMarketCap 
<h2 id="u-s-job-market-new-hope">U.S. job market: New hope</h2>
<p dir="ltr">Bitcoin surged 3% on Friday, surpassing $62,000, buoyed by a stronger-than-expected U.S. jobs report.</p>
<p dir="ltr">The report showed the creation of 254,000 jobs in September, significantly above economists' forecast of 140,000, signaling a robust U.S. economy.</p>
<p dir="ltr">The unemployment rate also dropped to 4.1% in August, from 4.2%. With inflation slowing, the data lessens the likelihood of further aggressive rate cuts by the Federal Reserve.</p>
<h2 id="institutional-investors-buying-dip">Institutional investors buying dip?</h2>
<p dir="ltr">According to a Farside Investors report, BlackRock was the only asset manager to buy Bitcoin during this period, purchasing $40.8 million worth of BTC Oct. 1.</p>
<p dir="ltr">In contrast, other major funds like WisdomTree's BTCW, CoinShare Valkyrie's BRR, Franklin Templeton's EZBC and Invesco's BTCO made no transactions.</p>
<p dir="ltr">Meanwhile, VanEck's HODL, Ark's ARKB, Bitwise's BITB and Fidelity's FBTC sold significant amounts of BTC, offloading $15.8 million, $84.3 million, $32.7 million and $144.7 million, respectively.</p>

Bitcoin Fear & Greed Index Signals Fear: Details

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