Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to ‘Extreme Fear’ – Markets and Prices Bitcoin News

On January 8, 2022, the bitcoin price dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), emotions are showing “extreme fear” in the air, and the CFGI score is 10. The last time the CFGI score was this low was 171 days ago on July 21, 2021.

Current CFGI Sentiment Shows ‘Extreme Fear’ – Bitcoin Price Is 39% Below All-Time High

Cryptocurrency markets shed billions in value this past week and the leading cryptocurrency Bitcoin (BTC) has lost nearly 10% over the past seven days. On Saturday, January 8, 2022, the price reached its lowest level since the end of September 2021, recording a low of $40,517 per unit this afternoon.

The global trade volume of Bitcoin on Saturday was about $23.6 billion. The largest trading pair for Bitcoin is Tether (USDT) which accounts for 61.46% of all trades today. It is followed by the US dollar (14.73%), the US dollar (6.79%), the Korean won (3.64%), the Japanese yen (3.27%) and the euro (3.21%).

Cryptocurrency Fear and Greed Index Result Reaches 5-Month Low, Analyzed Sentiment Points to
Bitcoin price dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon.

The largest BTC exchange on Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken and Bitstamp. Today, the global trade volume of BTC represents only 23.69% of the $99.6 billion in transactions between all assets in the crypto economy. While BTC accounts for $23.6 billion in trade volume, Tether (USDT) accounts for $46.7 billion in trade volume worldwide.

The 24-hour range of BTC on Saturday is $40,517.66 to $4,2702.09. The Crypto Fear & Greed Index (CFGI) hosted on the alternative web portal .me has a current CFGI score of 10. This stands for “extreme fear” as the tool “analyses sentiment and sentiments from various sources and aggregates them into one simple number.”

The CFGI score hasn’t been this low since the summer, on July 21, 2021, which was about 171 days ago. The score has changed a lot since yesterday, when the CFGI recorded a feeling of “extreme fear” score at 18. Last week the CFGI score was 21, and 30 days ago it was 29.

Year-to-date Bitcoin (BTC) price soared on Saturday, January 8, 2022, and Bitcoin is up just 6.4%. However, bitcoin is down 39% since its all-time high (ATH) two months ago on November 10, 2021. However, bitcoin has surged, 61,932.6% since July 6, 2013, or eight years ago when it was $67.81 per coin. .

Tags in this story

Sentiment Analysis, Sentiment Analysis, Bitcoin (BTC), BitFinex, BitStamp, CFGI, Coinbase, Crypto, Crypto Fear & Greed Index, Cryptocurrency, Ethereum (ETH), Extreme Fear, Currency Pairs, FTX.US, Jul 21, 2021, Kraken, Markets, Pairs, Prices, Score, Score 10, Tether, USDT

What do you think of the result of the Crypto Fear & Greed Index today? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

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