The fear and greed index towards cryptocurrency reaches its lowest level in 5 months


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Yesterday, January 8, 2022, the price of Bitcoin dropped to the level of $40,517 after 1:00 PM UTC.

At the same time, the fear and greed index moved toward feelings of “extreme fear.”

The index score was 10.

The last time a score so low was recorded was 171 days ago, on July 21, 2021.

The current sentiment at press time shows intense concerns, with Bitcoin still 39% below its all-time high.

The crypto market shed billions in value last week and bitcoin has lost nearly 10% over the past seven days.

On Saturday, January 8, 2022, the price of Bitcoin reached its lowest level since the end of September 2021, recording the lowest level at $40,517.

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The global Bitcoin trading volume has reached around $28.1 billion in the last 24 hours.

Currently, the Fear and Greed Index is still in the area of ​​extreme fear despite the rise of Bitcoin from $40 thousand to $41,000, as the Fear and Greed Index is pointing to the 23 mark at the time of writing this article:

Read also:

Venture capital pioneer Andreessen Horowitz commits another $9 billion to invest in the crypto market

Bitcoin, Ethereum, and Other Major Coins are off to a terrible start in 2022

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