Greed

Bitcoin

The recent <a href="https://optimisus.com/news/crypto-news/us-spot-bitcoin-etfs-see-slower-inflows/" rel="noopener noreferrer nofollow">Bitcoin market</a> plunge has caused uncertainty among investors, affecting market sentiment. The Crypto Fear &amp; Greed Index measures investor sentiment using a scale of 1 to 100, considering factors like volatility, social media sentiment, market momentum, volume, dominance, and trends.  
Scores between 1 and 24 indicate extreme fear, while scores between 24 to 46 indicate fear. The index is currently in the Neutral zone, indicating neither optimism nor pessimism, leading to uncertainty.  
A neutral score can cause significant market swings, leading to high volatility. If sellers dominate, cryptocurrencies like Bitcoin could decline, while if buyers prevail, prices could rise rapidly.  
The crypto market cap has dropped by about $30 billion since the start of the month, following an initial increase. Factors affecting the fluctuating sentiment include market volatility, social media sentiment, market momentum, volume, and dominance of major crypto like Bitcoin.  
Given the current neutral sentiment, the market could either go either way, with positive sentiment increasing prices and negative sentiment causing a decline. Investors need to stay informed and adjust their strategies accordingly.  
Today, <a href="https://coinmarketcap.com/currencies/bitcoin/#Analytics" rel="noopener noreferrer nofollow">Bitcoin price fell by over 2%</a>, currently trading at $61,816.17 with a 24-hour trading volume of $22,842,152,204. 
The post <a href="https://optimisus.com/news/crypto-news/the-crypto-fear-greed-index-remains-neutral-reflecting-investor-uncertainty-as-bitcoin-drops/" rel="noopener noreferrer nofollow">The Crypto Fear &amp; Greed Index remains neutral, reflecting investor uncertainty as Bitcoin drops</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

The Crypto Fear & Greed Index remains neutral, reflecting investor uncertainty as Bitcoin drops

Optimisus

Alte articole publicate pe 2 iul. 2024

Solana-Based meme coin BONK surges 10%, outperforming top meme coins

BlockDAG's Presale Momentum Unstoppable: Aiming for $100M Before Mainnet Launch Amid MATIC and PE...

Robinhood Crypto Futures May Launch in the US and Europe Soon to Boost Markets

Stocks to Watch Today: Tesla, Nvidia, and First Solar

Athena Ins Introduces Decentralized Insurance for DeFi Risks (2 Jul)

Shiba Inu Starts July On A High Note: Burn Rate Surges 16,854%, Trading Volume Rises 170%

Join our free newsletter for daily crypto updates!