Bitcoin (BTC) Fear and Greed Index Signals
The Bitcoin Fear and Greed Index moved closer to the Extreme Greed zone as the halving event is approaching. This suggests that prices may potentially drop from where they are currently.
On Monday, the Bitcoin Fear and Greed Index went up from 72 to 74, moving into the Extreme Greed zone. This could mean a drop, but BTC spot ETF market flow data will be very important for figuring out short-term trends. The change in the index shows how investors feel and can affect their decisions to buy or sell.
At the time of writing, Bitcoin is trading at $66,392 versus the US dollar, with a market value of $1.307 billion. This latest 2.5% gain has been spurred by favorable news from Hong Kong, which saw the adoption of Asia’s first Bitcoin ETF.
