Bitcoin hits 16-month high positive sentiment as price sits near $68K

According to Santiment data, the term Bitcoin is being used more positively on social media now than at any time in the past 16 months.

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Bitcoin would need to hit $93K to flip silver right now

Silvers market cap has risen to over $500 billion larger than Bitcoin despite the cryptocurrency flipping the precious metal just two months ago.

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Ethereum Faces Extreme Fear: Is Now the Time to Invest for Massive Gains?

The Market has shifted its sentiment on Ethereum to Extreme Fear which has caused several concerns and queries in the market. However, the long-term traders do not have to be overly worried, as other crypto experts are arguing this could be a great opportunity for long-term investments. Traditionally, such a fear zone has signaled the […]

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2022: The Year Of Crypto Market Fear

Data shows 2022 has been the year of fear in the crypto market as investors have continued to display poor sentiment for around eleven months now. Crypto Fear And Greed Index Currently Sits In “Extreme Fear” Territory As per the latest weekly report from Arcane Research, the cryptocurrency market could soon complete one full year of fearful sentiment. The relevant indicator here is the “fear and greed index,” which tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values greater than fifty imply a greedy mood, while those below the threshold suggest a fearful air. Outside of these two sentiments, there also exist two subset sentiments, the “extreme fear” and the “extreme greed.” These occur at values towards the ends of the range. That is, those above 75 for the former, and those below 25 for the latter. Related Reading: How Bitcoin On-Chain Signals Present A Solid Case For A Market Bottom Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: The value of the metric seems to have been moving sideways during recent weeks | Source: Arcane Research's The Weekly Update - Week 41, 2022 As you can see in the above graph, the current long spell of fear first started way back in mid-Nov of last year as the bull run died down. Since then, outside of only a few spikes to greed, the crypto fear and greed index has stayed below a value of fifty. Related Reading: SEC Rejects Another Bitcoin ETF, Exasperated Investors May Turn To Uniglo For Long-Term Crypto Gains During this period, the metric has actually spent a large amount of time in the extreme fear territory, meaning investors have had a deep bottom mentality in 2022. The latest value of the indicator has been 22, meaning that investors are extremely fearful at the moment. This isn’t much different from the last week, which observed a value of 24. The below meter displays where the current market stands compared to last week and last month. The fear and greed index points at extreme fear right now | Source: Arcane Research's The Weekly Update - Week 41, 2022 BTC Price At the time of writing, Bitcoin’s price floats around $19.2k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value. Below is a chart that shows the trend in the price of the coin during the last five days. Looks like the value of the crypto has continued to be stuck in a range over the last few days | Source: BTCUSD on TradingView Featured image from Hans-Jurgen Mager on Unsplash.com, charts from TradingView.com, Arcane Research

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Crypto Market Stays In Deep Fear As Bitcoin Continues To Struggle

Data shows the crypto market has been deep into fear recently as the price of Bitcoin has struggled, but sentiment is still not inside extreme fear. Crypto Fear And Greed Index Shows Investors Are Fearful Right Now According to the latest weekly report from Arcane Research, the crypto market sentiment has remained stable in deep fear territory during the past week. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that moves from zero to hundred for representing this sentiment. All values on the upper side of 50 indicate a greedy market, while those below the mark imply investors are fearful. Related Reading: Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market Values of the indicator towards the end of the range signify sentiments of “extreme greed” (more than 75) and “extreme fear” (less than 25). Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: The value of the metric seems to have come down in recent days | Source: Arcane Research's The Weekly Update - Week 34, 2022 As you can see in the above graph, the crypto fear and greed index had been climbing up for a few weeks and almost entered into the greed territory as prices of coins like Bitcoin rallied up. However, with the end of the rally, the market sentiment immediately plummeted back down into the depths of fear, showing the investor mentality was quite weak to begin with. Related Reading: Miners To Experience An All-Time High Bitcoin Mining Difficulty, What’s Next? The current value of the indicator is just 27, which is only two points away from the extreme fear territory. This is a slight decline over the last seven days as the metric had a value of 28 then. Looks like the value of the indicator was 42 last month | Source: Arcane Research's The Weekly Update - Week 34, 2022 Nonetheless, the report points out that at the same low $20k levels of the Bitcoin price as now, the market sentiment was much worse back in June as it was firmly inside extreme fear. This implies that investors are now more comfortable at these price levels than compared to a couple of months back. BTC Price At the time of writing, Bitcoin’s price floats around $20.3k, down 5% in the last week. Over the past month, the crypto has lost 14% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto has been mostly moving sideways during the past few days | Source: BTCUSD on TradingView Featured image from Peio Bty on Unsplash.com, charts from TradingView.com, Arcane Research

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Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K

Data shows the crypto market has been observing extreme fear for two months now, leaving investors in panic as Bitcoin has crashed to $20k. Crypto Fear And Greed Index Is Still Pointing To “Extreme Fear” As per the latest weekly report from Arcane Research, the cryptocurrency market has now been facing extreme fear for two months now, the longest streak in history. The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values greater than fifty imply that investors are greedy at the moment, while those below the threshold signify a fearful market. Edge values of above 75 and below 25 mean holder sentiments of “extreme greed” and “extreme fear,” respectively. Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: Looks like the value of the indicator has been very low recently | Source: Arcane Research's The Weekly Update - Week 24, 2022 As you can see in the above graph, the crypto fear and greed index has a value of 9 right now, suggesting that the market is extremely fearful. Such low sentiment values have now persisted for two months now, making this the longest extreme fear run the market has ever seen. Related Reading | Crypto Market Crashes Further: Bitcoin (BTC) and Ethereum (ETH) Value Slumps These indicator values have stayed while the entire crypto sector has gone through a crash and a large part of the investors have gone into the red. Historically, streaks with extreme fear have been when coins like Bitcoin have tended to form bottoms (and similarly, tops have occurred during extreme greed). Because of this, some analysts believe an extremely fearful market can provide fresh buying opportunities for cryptos. Related Reading | Bitcoin “Diamond Hands” Start To Break As 1yr+ Supply Ramps Up Selling The trading technique that follows this idea is called “contrarian investing.” This famous quote from Warren Buffet encapsulates the philosophy: “be fearful when others are greedy, and greedy when others are fearful.” If the historical trend is anything to go by, the current long run of extreme fear may be when Bitcoin and other coins observe bottoms. And if so, now may be when a contrarian investor will believe to be an ideal buying point. Bitcoin Price At the time of writing, BTC’s price floats around $20.4k, down 1% in the last seven days. Over the past month, the crypto has lost 30% in value. The below chart shows the trend in the price of the coin over the last five days. The value of Bitcoin seems to have dropped down over the past day | Source: BTCUSD on TradingView Featured image from Thought Catalog on Unsplash.com, charts from TradingView.com, Arcane Research

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Retail Investors “Extremely Fearful,” But History Tells Us It Might Be A Good Time To Buy

If you are a Bitcoin holder and feeling a bit uneasy about the current market conditions, you are certainly not alone.  Yesterday, the Crypto Fear and Greed Index (CFGI) hit a 21 out of 100, corresponding to “extreme fear.”  However, after looking at two years worth of data, this amount of fear in the market […]

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Bitcoin hits $30K to mark highest price since June 2022

Bitcoin (BTC) has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGecko data, Bitcoin has slightly surpassed $30,000 and is at nearly $30,200 at the time of writing, a price it hasn’t reached since Jun. 10, 2022. In [...]

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Bitcoin analysts explain why BTC could avoid a drop under $90K

Bitcoin whales, an increase in speculative appetite and other macroeconomic factors are playing a role in keeping BTC price above $90,000.

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Crypto Investor Sentiment Refuses To Budge, But Can The Weekend Change This?

Crypto investor sentiment has been in the same place for over a month as investors have been hard-pressed to make a decision. This comes amid heightened regulatory headwinds with the United States Securities & Exchange Commission suing the likes of Binance and Coinbase. But could a change be coming soon? Crypto Fear & Greed Index [...]

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Scaramucci: ‘We’re through the bear market’ as Bitcoin notches up 70% YTD

Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm’s crypto investments. However, “the Mooch” qualified the statement by adding, “That is a guess. We don’t know.” In an April 6 interview with Yahoo Finance, Scaramucci noted that Bitcoin has consistently [...]

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Crypto sentiment index dips back to March ‘fear’ levels amid Binance lawsuit

Meanwhile, total liquidations have topped $280M in the last 12 hours as crypto market sentiment has turned more fearful.

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