The crypto market has had a carnage week, as some have described it.
The bitcoin fear and greed index is currently at an all-time low, showing tremendous fear.
Bitcoin BTCUSD plummeted 1.99% on Thursday to $25,402, its lowest level since December 2020, before rebounding to about $30,000 on Friday.
The percentage drop is higher than the 54% drop from the cycle peak in July 2021 but lower than past bear markets.
Followingly the cryptocurrency market has lost more than $400 billion in the last seven days.
All sectors within the crypto ecosystem have witnessed double-digit losses over this time, with cryptocurrencies tied to Web 3 showing the largest loss of 41% on average.
#Crypto #Bitcoin #Fear #Market
The bitcoin fear and greed index is currently at an all-time low, showing tremendous fear.
Bitcoin BTCUSD plummeted 1.99% on Thursday to $25,402, its lowest level since December 2020, before rebounding to about $30,000 on Friday.
The percentage drop is higher than the 54% drop from the cycle peak in July 2021 but lower than past bear markets.
Followingly the cryptocurrency market has lost more than $400 billion in the last seven days.
All sectors within the crypto ecosystem have witnessed double-digit losses over this time, with cryptocurrencies tied to Web 3 showing the largest loss of 41% on average.
#Crypto #Bitcoin #Fear #Market
The new week begins with a markable gain.
The global #cryptocurrency market cap is #trading higher at the $1.08T mark, at $1.11T. The trading volume falls to $42.2B and the largest currency #Bitcoin is witnessing a rise trading at $233,345. #ETH continues at the $1,715 mark with the #dominance of 18.8%.
The Fear and Greed index shows #Fear Sentiment at 30
The global #cryptocurrency market cap is #trading higher at the $1.08T mark, at $1.11T. The trading volume falls to $42.2B and the largest currency #Bitcoin is witnessing a rise trading at $233,345. #ETH continues at the $1,715 mark with the #dominance of 18.8%.
The Fear and Greed index shows #Fear Sentiment at 30
As US #inflation slows to 8.5%, the price of Bitcoin soars toward $24,000.
The global Ecrypto market cap stands at $1.15T, a level the markets have not breached in the past 2 months. The total #trading volume is at $80.1B. #Ethereum seen to be doing extremely well at $1,894.
The Fear and Greed #Index at 42 indicates #fear.
The global Ecrypto market cap stands at $1.15T, a level the markets have not breached in the past 2 months. The total #trading volume is at $80.1B. #Ethereum seen to be doing extremely well at $1,894.
The Fear and Greed #Index at 42 indicates #fear.
The #cryptocurrency markets in red today.
The global #crypto market cap is $1.12T down by 4.18%. The 24H Trading volume of $68.6B #Bitcoin is currently hanging below the $24,000 mark at $23,392 with a #dominance of 39.9%.
The Fear and Greed Index grows more #fear at 30.
The global #crypto market cap is $1.12T down by 4.18%. The 24H Trading volume of $68.6B #Bitcoin is currently hanging below the $24,000 mark at $23,392 with a #dominance of 39.9%.
The Fear and Greed Index grows more #fear at 30.