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Home»ADOPTION NEWS»Cryptocurrency market sentiment has shifted to ‘neutral’ following the approval of the spot Bitcoin ETF, the index said.
ADOPTION NEWS

Cryptocurrency market sentiment has shifted to ‘neutral’ following the approval of the spot Bitcoin ETF, the index said.

By Crypto FlexsJanuary 15, 20242 Mins Read
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Cryptocurrency market sentiment has shifted to ‘neutral’ following the approval of the spot Bitcoin ETF, the index said.
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Posted 1 minute ago In ~

According to Crypto Market, the current sentiment in the cryptocurrency market has been in the ‘greed’ phase for almost three months, but has shifted to ‘neutral’ since Monday. Tracker Alternative.me’s Crypto Fear and Greed Index.

that much index The current score is 52, indicating neutrality on a scale of 0 to 100. Levels close to 0 indicate ‘extreme fear’ and levels close to 100 indicate ‘extreme greed’.

The indicator, which had been in the ‘greed’ area since October 24 last year, reached its highest point at 76 points on January 9, 2019. U.S. approval for spot Bitcoin exchange-traded fund.

According to the website, the index considers a variety of factors including volatility, market size, social media, dominance, and trends.

According to The Block, Bitcoin has been trading flat at around $42,550 over the past 24 hours as of 12:40 PM Hong Kong time. pricing page.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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