Bitcoin (BTC) Fear & Greed Index Forms Upward Trend by Hitting 24/100
— Bitcoin, Trend, Index, Support, Upward, Level, 100day, Hitting, Forms, Fear — 1 min read
Bitcoin (BTC) slipped by 0.09% following a 5.19% rally from Wednesday, BTC ended the day at $21,593. The NASDAQ managed to avoid the red to deliver support. The Bitcoin Fear & Greed Index rose to 24/100 despite the choppy Friday session. The Index last sat in the “Fear’ zone on May 5, when bitcoin stood at $36,630. In June, US nonfarm payrolls jumped by 372k, following a 384k rise in May. The sharp increase eased fears of an imminent recession, but also gives the Fed the wiggle room to deliver another 75-basis point rate hike this month. At the time of writing, BTC was up 0.20% Source