{"id":13631,"date":"2022-08-19T19:36:02","date_gmt":"2022-08-19T19:36:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-fear-and-greed-index-shows-market-sentiment-remains-fearful-market-updates-bitcoin-news\/"},"modified":"2022-08-19T19:36:02","modified_gmt":"2022-08-19T19:36:02","slug":"crypto-fear-and-greed-index-shows-market-sentiment-remains-fearful-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-fear-and-greed-index-shows-market-sentiment-remains-fearful-market-updates-bitcoin-news\/","title":{"rendered":"Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to \u201cextreme fear\u201d in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the \u201cfear\u201d zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means \u201cextreme fear,\u201d and 61 days or two months later, the CFGI rating now shows a score of 33 or \u201cfear.\u201d<\/strong><\/p>\n

CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor Sentiment in the \u2018Fear\u2019 Zone<\/h2>\n

While the crypto economy has jumped back above the $1 trillion range, prices have started to drop again after the last rally. Following the Terra blockchain implosion, the crypto economy lost significant value and extreme fear shook the community into June as well. The Crypto Fear and Greed Index (CFGI)<\/a> hosted on alternative.me dropped severely at the time, and on May 31, 2022, Bitcoin.com News reported the CFGI ranking score was 16 out of 100 or \u201cextreme fear.\u201d<\/p>\n

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Every day the CFGI ranking score analyzes \u201cemotions and sentiments from different sources and crunch them into one simple number.\u201d Alternative.me indicates that the value of 0 means \u201cExtreme Fear\u201d while a value of 100 represents \u201cExtreme Greed.\u201d The website adds:<\/p>\n

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The crypto market [behavior] is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction [to] seeing red numbers \u2014 There are two simple assumptions: 1) Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. 2) When Investors are getting too greedy, that means the market is due for a correction.<\/p>\n<\/blockquote>\n

In mid-June, the CFGI ranking score sunk even lower and slipped to a low score of 6 out of 100 on June 19, 2022. Historical crypto price data<\/a> shows that BTC<\/a> was trading for $20,553 per unit that day and the day prior on June 18, BTC<\/a> tapped a 2022 low at $17,593 per unit. Today, the CFGI ranking score has improved and the sentiment value has moved out of the \u201cextreme fear\u201d position into the \u201cfear\u201d zone with a score of 33 out of 100.<\/p>\n

BTC<\/a> managed to recoup some losses after the market routs in May and June, and on August 14, 2022, the price tapped $25,212 per unit. On that same day, the CFGI ranking score jumped to a 47 showing sentiment was turning. However, during the last 48 hours, BTC<\/a> has dropped significantly<\/a> in value, sliding from $23,593 per unit to today\u2019s low of $21,268<\/a>. The CFGI ranking has not been able to rise above the \u201cfear\u201d zone and seems to be heading back to the range of \u201cextreme fear\u201d scores.<\/p>\n

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\nTags in this story
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Analysis<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Bitcoin markets<\/a>, BTC<\/a>, BTC Market Sentiment<\/a>, CFGI<\/a>, CFGI ranking score<\/a>, Crypto<\/a>, Crypto Fear<\/a>, Crypto Fear and Greed Index<\/a>, crypto market update<\/a>, Crypto markets<\/a>, data<\/a>, extreme fear<\/a>, Fear<\/a>, Greed<\/a>, Greedy<\/a>, Market Interest<\/a>, market sentiment<\/a>, Markets<\/a>, Price<\/a><\/div>\n<\/div>\n

What do you think about the recent CFGI ranking score and the crypto economy diving in USD value again? Let us know what you think about this subject in the comments section below.<\/strong> <\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, CFGI via Alternative.me<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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