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Crypto Fear Index Hits ‘Extreme’ as Bitcoin Fails Key $60K Target
The post Crypto Fear Index Hits ‘Extreme’ as Bitcoin Fails Key $60K Target appeared on BitcoinEthereumNews.com. The Crypto Fear & Greed Index has hit the ‘extreme fear’ category, its lowest level since December 2022, as Bitcoin’s price struggles to stay above $57,000. Despite Trump’s appearance at the Bitcoin 2024 Conference pushing the top crypto yesterday, it was rejected by the $60,000 level, and analysts warn that further downsides are looming. Bitcoin continues to struggle on the price charts, and despite a slight rally in the past four hours, the top crypto is down over 2% in the past day. With analysts warning that BTC could dip further, the Crypto Fear & Greed Index has hit an 18-month low as extreme fear takes over. Bitcoin trades at $57,380, losing 2.35% in the past day for a $1.13 trillion market cap. As we reported yesterday, Bitcoin 2024 organizers announced that Donald Trump would headline the event later this month in Texas. This gave BTC a big boost as it surged 3.5% to hit a high of $59,253. However, the boost was shortlived and BTC has been on a downtrend since. It’s not just Bitcoin that’s shedding value: Ethereum lost 3.61% in the past day and is now struggling to stay above $3,000. Solana, Chainlink, Polkadot, and Dogecoin are down by over 4.5%, with Pepe shedding 12% overnight. While some like XRP defied the market trend and gained over 4%, it still wasn’t enough to offset the losses, with the total market cap now down 1.99% in the past day. This week’s losses have led to panics in the industry. The Crypto Fear & Greed Index is now at 25, which signifies ‘extreme fear’; this is the lowest score since December 2022. Back then, Bitcoin had just hit a then-high above $60,000, but traders panicked and it led to a massive dip. Six months later, BTC had lost two-thirds…
The post Crypto Fear Index Hits ‘Extreme’ as Bitcoin Fails Key $60K Target appeared on BitcoinEthereumNews.com.
The Crypto Fear & Greed Index has hit the ‘extreme fear’ category, its lowest level since December 2022, as Bitcoin’s price struggles to stay above $57,000. Despite Trump’s appearance at the Bitcoin 2024 Conference pushing the top crypto yesterday, it was rejected by the $60,000 level, and analysts warn that further downsides are looming. Bitcoin continues to struggle on the price charts, and despite a slight rally in the past four hours, the top crypto is down over 2% in the past day. With analysts warning that BTC could dip further, the Crypto Fear & Greed Index has hit an 18-month low as extreme fear takes over. Bitcoin trades at $57,380, losing 2.35% in the past day for a $1.13 trillion market cap. As we reported yesterday, Bitcoin 2024 organizers announced that Donald Trump would headline the event later this month in Texas. This gave BTC a big boost as it surged 3.5% to hit a high of $59,253. However, the boost was shortlived and BTC has been on a downtrend since. It’s not just Bitcoin that’s shedding value: Ethereum lost 3.61% in the past day and is now struggling to stay above $3,000. Solana, Chainlink, Polkadot, and Dogecoin are down by over 4.5%, with Pepe shedding 12% overnight. While some like XRP defied the market trend and gained over 4%, it still wasn’t enough to offset the losses, with the total market cap now down 1.99% in the past day. This week’s losses have led to panics in the industry. The Crypto Fear & Greed Index is now at 25, which signifies ‘extreme fear’; this is the lowest score since December 2022. Back then, Bitcoin had just hit a then-high above $60,000, but traders panicked and it led to a massive dip. Six months later, BTC had lost two-thirds…
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