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The price of Bitcoin fell to $40,517 per unit after 1 p.m. EST on Saturday, January 8, 2022. According to the Crypto Fear and Greed Index (CFGI), which has a CFGI score of 10, sentiment shows that “extreme fear” is spreading. The last time a CFGI score was this low was 171 days ago, on July 21, 2021.
Current CFGI Sentiment Shows ‘Extreme Fear’ – Bitcoin Price 39% Below All-Time High
The digital currency market has lost billions of dollars in value over the past week, with the leading cryptoasset Bitcoin (bitcoin) lost nearly 10% in the past 7 days. Prices hit their lowest point since late September 2021 on Saturday, January 8, 2022, hitting a low of $40,517 per unit this afternoon.
Bitcoin’s global trading volume on Saturday was around $23.6 billion. bitcoinThe largest trading pair is tether (USDT), which accounted for 61.46% of all transactions today. This is followed by the US dollar (14.73%), BUSD (6.79%), Korean won (3.64%), Japanese yen (3.27%) and the euro (3.21%).
bitcoinThe top exchange on Saturday was FTX.US, followed by Coinbase, Bitfinex, Kraken and Bitstamp. bitcoinToday’s global trading volume is only 23.69% of the $99.6 billion in all assets traded in the crypto economy.although bitcoin Control $23.6 billion in trade volume, Tether (USDT) of $46.7 billion in global trade.
Bitcoin Fear and Greed Index at 10 – Extreme Fear
Current price: $42,290 pic.twitter.com/j477q3iSjV— Bitcoin Fear and Greed Index (@BitcoinFear) January 8, 2022
bitcoinThe 24-hour range on Saturday was between $40,517.66 and $42,702.09.This Crypto Fear and Greed Index (CFGI) Hosting on the portal alternative.me indicates a current CFGI score of 10. This indicates “extreme fear” as the tool “analyzes emotions and emotions from different sources and compresses them into a simple number”.
The CFGI score has not been this low since the summer of July 21, 2021 (about 171 days ago). Even since yesterday, the CFGI recorded a score of 18 for the “extremely fearful” emotion, which has changed a lot. The CFGI score was 21 last week, compared to 29 30 days ago.
Year-to-date, Bitcoin (bitcoin) Saturday, January 8, 2022 bitcoin It was up just 6.4%. However, bitcoin Bitcoin is down 39% since hitting an all-time high (ATH) on November 10, 2021, two months ago. However, Bitcoin is up 61,932.6% since it traded at $67.81 per coin on July 6, 2013, or eight years ago.
What do you think of today’s Crypto Fear and Greed Index score? Let us know what you think about this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Twitter, Bitcoinwisdom,
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