‘Fear & Greed’: index recovers as fear level for bitcoin decreases
— Variety, Recovers, Fear, Decreases, Traders, Market, Level, Index, Traditional, Bitcoin — 1 min read
On July 8, the Bitcoin Fear and Greed Index reached 20, which is the highest position it has attained in the previous two months. The index is headed toward the ‘fear’ level after spending a lot of time in the “severe fear” level. On July 6, Bitcoin briefly surpassed the $20,000 barrier before falling down below it. Since then, the primary digital asset has increased, reaching a peak of $22,000 on July 8 during the early trading hours. The value of the largest digital asset in the world fell by more than 60% during the second quarter as hawkish central banks and a slew of high-profile crypto explosions devastated confidence in the market devastated confidence. Bitcoin may be on course to record its biggest weekly Source