Crypto Fear and Greed Index drops to 100-day lows
The Fear and Greed Index fell to its lowest levels in 100 days as Bitcoin (BTC) fell below the $40,000 mark for the second time in a week. Against the backdrop of changes to BTC and the cooling of the market in the wake of the widely anticipated spot BTC exchange traded funds (ETF), the Fear and Greed Index has moved into the neutral zone indicating a decrease in the interest of potential investors in cryptocurrency. Alternative.me The Fear and Greed Index is a scale from 0 to 100 with 0 being the most fearful and 100 being the most greedy. Currently the Index is at 48 points corresponding to a neutral zone with a predominance of fear. This is the lowest value since Oct. 16, when the Index was 47. Since the beginning of Nov. 2023, the fear and greed index has been in the “greed” zone, indicating investors’ desire to buy cryptocurrencies. Interest in purchasing digital assets was driven by anticipation of the imminent launch of a Bitcoin ETF. Now, the Index h...