Today, the Crypto Fear and Greed Index rating is still in the “fear” zone, but it has seen an improvement.
After the Crypto Fear and Greed Index dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.
Every day the CFGI ranking score analyzes “emotions and sentiments from different sources and crunch them into one simple number.” Alternative.me indicates that the value of 0 means “Extreme Fear” while a value of 100 represents “Extreme Greed.” The website adds: The crypto market [behavior] is very emotional. People tend to get greedy when the market is rising which results in FOMO . Also, people often sell their coins in irrational reaction [to] seeing red numbers — 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.
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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto Banks on Track to Receive Upgrade by New Federal Reserve Guidelines | CoinMarketCapThis could be the mass adoption of crypto that everyone is talking about... 👀
Leer más »
Crypto can’t fix carbon offsets — but crypto fans are trying anywayWhat happens when you put carbon credits on a blockchain?
Leer más »
Crypto Biz: Crypto VC is back with a vengeanceAfter a modest summertime lull, venture capital is back with a bang. Two massive VC funds were announced this week. (Reporting via forgeforth_)
Leer más »
A brief history of US crypto sanctionsThe Block has assembled a timeline of OFAC sanctions on crypto wallets, settlements with crypto firms, and general guidance to crypto operators, going back to 2018.
Leer más »
Bitcoin mining stock report: Thursday, August 18Here's how crypto mining companies performed on Thursday, August 18.
Leer más »