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.
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:
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