Crypto market sentiment moves to a state of ''extreme fear'' amid Bitcoin's rebound to $47K Bitcoin BTC
is diverging from reality as"extreme fear" still lingers, despite Bitcoin slightly recovering past $47K.
Bitcoin seems to have found stability around the $47,000 mark after shedding nearly 11% following its drop from Dec. 27 highs of $52,100, but crypto market sentiment is still in shock.According to the Crypto Fear & Greed Index, as of Dec. 30, emotions are now at their most fearful in 10 days, when Bitcoin dipped to near $45,500. The index currently sits at 22, which reflects ''extreme fear.
Cryptocurrencies were mostly lower as of press time, although market conditions have stabilized following the prior day's sell-off. Algorand, Near Protocol and Cosmos were seen posting gains at press time.Bitcoin was nearing the moving average of 200 , which might indicate that a relief rally could occur in the near term.
Bitcoin has dropped nearly 31% from its Nov. 10 all-time highs of $69,000, which is the largest drawdown since September. Typically, Bitcoin experiences sharp declines between 10% and 20% even in a bull market. Sometimes, pullbacks can extend well beyond 30%, which may take time to recover.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
SHIB, AVAX, LUNA Record Double-Digit Losses as Bitcoin Slides to $47K⬆ +8 SHIB, AVAX, LUNA Record Double-Digit Losses as Bitcoin Slides to $47K $BTC bitcoin $LUNA terra $LUNA
Lire la suite »
SHIB, AVAX, LUNA Record Double-Digit Losses as Bitcoin Slides to $47KSome of the biggest cryptocurrencies have posted double-digit losses $SHIB $LUNA $AVAX
Lire la suite »
First Mover Asia: Bitcoin Trades Near $47K Amid Low Volumes During Year-End HolidaysBitcoin continued to fall, trading near $47,000 on Wednesday, after a sharp drop by more than 6% a day ago. MuyaoShen reports.
Lire la suite »
Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC nowA dip or an opportunity? As Bitcoin falls below 47K, analyst scottmelker notes a chance for short-term profit.
Lire la suite »
Six Numbers That Defined Crypto’s Record YearIn a year crypto’s market cap hit $3 trillion, the SEC approved its first bitcoin ETF and NFT fever pushed digital doodles to million dollar values, crypto is finally going mainstream.
Lire la suite »
Bitcoin Tumbles Below $48K After $300M Liquidated in a Day: Market WatchThe crypto market is in deep-red once again as bitcoin went down to $47,200, while most altcoins have produced even more losses.
Lire la suite »