Bitcoin Fear and Greed Index Reveals Neutral Investor Sentiment
According to CryptoPotato, the Bitcoin Fear and Greed Index shows that cryptocurrency investor sentiment has turned neutral after Bitcoin (BTC) fell below $57,000. Data from Alternative.me reveals that the index is at 54, a level not seen for three months, suggesting investors are neither fearful nor greedy in current market conditions.
The last time a neutral sentiment was observed among investors was January 28, 2024, when BTC was priced around $42,000. During this period, the cryptocurrency was in an upward trend and the market was abuzz with the launch of several spot Bitcoin exchange-traded funds approved by US authorities two weeks ago. But current market sentiment varies significantly. Bitcoin has fallen from its all-time high of $73,700 in mid-March, and the cryptocurrency's value has fallen following increased volatility.#Binance