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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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FEAR IS INCREASING IN THE MARKET! THE FEAR AND GREED INDEX FELL TO 25!
Sharp declines in the crypto market are negatively affecting investor sentiment. The fear and greed index has dropped to its lowest levels since September and is currently in the extreme fear zone.
What is the Fear and Greed Index;
These are the data that express the sensitivity of the market, and are shown with a scoring of 0 to 100.
Data is calculated based on trends of market volatility, market volume momentum, social media interest, BTC dominance chart, and types of research conducted on cryptocurrencies on the internet.
Extreme fear: People are very anxious and it may indicate that the price is at bottom levels, but does not provide sufficient and clear information alone that the price is at bottom levels.
Excessive greed: It can mean that there may be a correction in the market, but this alone is not enough data.
In recent months, the market has experienced similar corrections, for example, a 7.5% decline in December when the FED made an announcement, a 10% decline in January, and an 8% decline since the beginning of February.
According to experts, such declines have also occurred in previous market cycles and are considered a normal process.