{"id":33011,"date":"2024-06-25T12:21:51","date_gmt":"2024-06-25T12:21:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-fear-and-greed-index-hits-30-lowest-level-in-18-months\/"},"modified":"2024-06-25T12:21:51","modified_gmt":"2024-06-25T12:21:51","slug":"crypto-fear-and-greed-index-hits-30-lowest-level-in-18-months","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-fear-and-greed-index-hits-30-lowest-level-in-18-months\/","title":{"rendered":"Crypto Fear and Greed Index hits 30, lowest level in 18 months"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/bitcoin-btc-2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Crypto Fear and Greed Index is currently in the \u201cfear\u201d zone with a score of 30.<\/span><\/li>\n<li><span style=\"font-weight: 400\">This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While BTC has traded lower during the current market cycle and the Crypto Fear &amp; Greed Index has fallen into the \u201cfear\u201d zone, this is the first time it has done so since January last year.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Crypto Fear &amp; Greed Index drop to 30<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-below-60k-amid-fresh-sell-off-pressure\/\">Bitcoin price slipped below $60,000<\/a> on Monday, June 24, the index score nosedived more than 20 points to drop into the \u201cfear\u201d zone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The decline means the Bitcoin Fear &amp; Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry\u2019s most shocking collapse so far \u2013 the implosion of the FTX crypto exchange.<\/span><\/p>\n<figure id=\"attachment_211989\" aria-describedby=\"caption-attachment-211989\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-211989 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/06\/bitcoin-fear-and-greed-index.png\" alt=\"\" width=\"640\" height=\"575\"\/><figcaption id=\"caption-attachment-211989\" class=\"wp-caption-text\">Crypto Fear &amp; Greed Index score is 30, now in \u201cFear\u201d zone. Source: <a href=\"https:\/\/x.com\/BitcoinFear\/status\/1805556583554072772\" target=\"_blank\" rel=\"noopener\">Alternative.me<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">In May this year, Bitcoin price fell to lows of $56,500 and the index\u2019s score dipped from neutral to fear. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A bounce in price saw sentiment improve significantly to push the Fear &amp; Greed Index to 74. \u201cGreed\u201d dominated then as Bitcoin broke above $71k, but that score flipped neutral and within hours on June 24, reached the 30 mark.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Mt. Gox repayments and German government selling <\/span><\/h2>\n<p><span style=\"font-weight: 400\">Catalysts for the latest declines include the Mt.Gox repayments news. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A notice on Monday indicated that the exchange will begin repaying customers who\u2019ve waited since the 2014 hack. Mt.Gox customers will receive Bitcoin and Bitcoin Cash.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over $8.5 billion worth of BTC is with the exchange\u2019s trustee. In April, analysts at K33 Research <a href=\"https:\/\/coinjournal.net\/news\/k33-research-cautions-mt-goxs-imminent-9b-payout-could-impact-bitcoin-btc\/\">warned<\/a> that Mt.Gox\u2019 Bitcoin repayments could impact prices.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Also attracting negative sentiment is the selling of Bitcoin by the German government. After sending 1,700 BTC to exchanges last week, including Coinbase and Kraken, Germany is at it again.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Tuesday, Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/1805542074068222029\" target=\"_blank\" rel=\"noopener\">shared<\/a> on-chain data tracking wallets linked to the <a href=\"https:\/\/coinjournal.net\/news\/german-police-reportedly-seizes-2-1b-worth-of-bitcoin-btc\/\">50,000 BTC seizure<\/a> the German government made early this year. The details show another 400 BTC deposited in CEXs.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-fear-and-greed-index-hits-30-lowest-level-in-18-months\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto Fear and Greed Index is currently in the \u201cfear\u201d zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":33012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33011"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33011"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33012"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}