{"id":15295,"date":"2024-07-08T14:08:13","date_gmt":"2024-07-08T14:08:13","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=15295"},"modified":"2024-07-08T14:08:13","modified_gmt":"2024-07-08T14:08:13","slug":"crypto-market-sentiment-dips-as-fear-greed-index-reaches-new-lows","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/crypto-market-sentiment-dips-as-fear-greed-index-reaches-new-lows\/","title":{"rendered":"Crypto Market Sentiment Dips as Fear & Greed Index Reaches New Lows"},"content":{"rendered":"\n

The recent crash in the Bitcoin and crypto market has shifted sentiment negatively, with bears dominating the scene. The Fear & Greed Index has been steadily declining over the past month, hitting new lows. The Bitcoin price drop to $53,000 last week led the Crypto Fear & Greed Index to levels not seen since the FTX crypto exchange collapse in November 2022.<\/p>\n

<\/span>Decline in Crypto Fear & Greed Index<\/span><\/h2>\n

Currently, the Crypto Fear & Greed Index sits at 28, reflecting a move into Fear territory after a period of Greed in 2024. This decrease indicates a reluctance among investors to engage in the market, anticipating further price drops.<\/p>\n

<\/p>\n

Comparing the current market sentiment to the past, the last time the Crypto Fear & Greed Index was as low as 28 was post the FTX crash in November 2022 when Bitcoin fell to $16,000.<\/p>\n

Despite efforts to keep the Index above 30, the market seems engulfed in bearish pressure, likely pushing it into the Extreme Fear territory for the first time in two years.<\/p>\n

<\/span>Potential for Bitcoin Recovery<\/span><\/h2>\n

Although a Fear-based Index at 28 may deter investors, history suggests a turnaround may be on the horizon. Typically, hitting Extreme Fear levels often signals the market bottom, as seen during the November 2022 plunge to $16,000.<\/p>\n

Following a period of consolidation, the market historically picked up, with Bitcoin surging over 250% post the 2022 decline to reach new highs in 2024. If this trend persists, a new bull run could be imminent after the accumulation phase.<\/p>\n

As of now, the Bitcoin price shows signs of recovery, currently at $57,200, despite an 8.8% drop in the past week. This bounce from lows below $54,000 over the weekend suggests a potential turnaround.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent crash in the Bitcoin and crypto market has shifted sentiment negatively, with bears dominating the scene. The Fear & Greed Index has been steadily declining over the past month, hitting new lows. The Bitcoin price drop to $53,000 last week led the Crypto Fear & Greed Index to levels not seen since the […]<\/p>\n","protected":false},"author":1,"featured_media":15296,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Market Sentiment Dips as Fear & Greed Index Reaches New Lows - Bitrabo","description":"The recent crash in the Bitcoin and crypto market has shifted sentiment negatively, with bears dominating the scene. The Fear & Greed Index has been steadily de"},"footnotes":""},"categories":[316],"tags":[2357,448,979,504,1861,1844,1183,5848,3865,5847,4016,1144,455],"class_list":["post-15295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-amp","tag-bitcoin","tag-crash","tag-crypto","tag-falls","tag-fear","tag-ftx","tag-ftx-crash-levels","tag-greed","tag-greed-index","tag-index","tag-levels","tag-struggles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15295"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15296"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}