The Crypto Fear and Greed Index, a gauge that measures sentiment on Bitcoin and the overall crypto market, fell 19 points to its lowest level since October 14. The drop to 50 points out of 100 pulled the market into the “Neutral” zone from the “Extreme Greed” and “Greed” zones where it had been for three months.

The decline coincided with the US Department of Justice receiving permission to sell $6.5 billion worth of the 198,000 Bitcoins seized from Silk Road. Expectations that the US Federal Reserve could tighten monetary policy in 2025 also contributed to the decline.

Finally, US spot Bitcoin exchange-traded funds experienced their second-largest outflow of $570 million on January 8. Share your thoughts in the comments.