With the increasing negative news on the Bitcoin side, the fear and greed index (BTC) seems to have reached the lowest level in the last two months.
Fear and Greed index, one of the most popular among the shared data of the crypto market, has been reported to have reached the lowest value in the last good month. The fud news that came after BTC made its peak price seems to have greatly affected the crypto data. Stablecoin problems, which have intensified in recent days, and negative news from the banking side are increasingly affecting this data.
The Lowest Data of the Last 2 Months for the Fear and Greed Index Received
The Fear and Greed Index measures the emotions of market investors. It is calculated by a variety of metrics, including mobility, market volume, and social media engagement tailored to the crypto market. When we look at the last weeks, the fact that this data has been increasing gradually showed that the confidence of the crypto investor in the market has increased.
In the crypto industry, which continues to bleed, the data continues to be negative. Many data such as the decrease in the volumes of crypto exchanges and the decrease in the cash transferred to the exchanges confirm this situation for now.
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