Crypto market sentiment turns ‘neutral’ days after spot bitcoin ETF approval, index shows
The Crypto Fear and Greed Index fell to the “neutral” level after staying in the “greed” phase since late October.
The index currently shows a score of 52, indicating neutrality on a scale of 0 to 100. Near-zero levels suggest “extreme fear,” while near-100 levels indicate “extreme greed.”
The indicator had remained in the “greed” territory since Oct. 24 last year and hit a high of 76 points on Jan. 9 in anticipation of the U.S. approval of spot bitcoin exchange-traded funds .
The index takes into account multiple factors, including volatility, market volume, social media, dominance and trends, according to its website.
Bitcoin traded flat at around $42,550 over the past 24 hours as of 12:40 p.m. Hong Kong time, according to The Block’s price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Clash of Titans: Global Opinion Leaders Debate the Future Path of Bitcoin
![[Bitpush Daily News Highlights] Ripple, Circle, and three other crypto companies receive conditional bank license approval in the US; Tether submits an all-cash acquisition offer, aiming for full control of Serie A giant Juventus and pledges to inject 1 billion euros; Moody’s plans to launch a stablecoin rating framework, with reserve asset quality as the core indicator; Fogo cancels its $20 million token presale, mainnet launch will switch to airdrop distribution.](https://img.bgstatic.com/multiLang/image/social/96c285805bf77c355ca73a8b952ce0b91765614780984.png)
Trend Research: The "Blockchain Revolution" is underway, remaining bullish on Ethereum
In a scenario of extreme fear, where capital and sentiment have not yet fully recovered, ETH is still in a relatively good buying "strike zone."
Should You Still Believe in Crypto
No industry has always been right along the way, until it truly changes the world.
Trending news
MoreClash of Titans: Global Opinion Leaders Debate the Future Path of Bitcoin
[Bitpush Daily News Highlights] Ripple, Circle, and three other crypto companies receive conditional bank license approval in the US; Tether submits an all-cash acquisition offer, aiming for full control of Serie A giant Juventus and pledges to inject 1 billion euros; Moody’s plans to launch a stablecoin rating framework, with reserve asset quality as the core indicator; Fogo cancels its $20 million token presale, mainnet launch will switch to airdrop distribution.
Crypto prices
More
