The Crypto Fear & Greed Index has recently fallen to “neutral,” a level last observed in October 2023. This shift occurs just days following the landmark approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.<\/p>\n\n\n\n
According to the index, Bitcoin’s market sentiment is currently at 52 out of 100, the lowest since Oct. 19, 2023, when its average daily trading price was around $31,000.<\/p>\n\n\n\n
This change happens less than a week after the Crypto Fear & Greed Index briefly reached an “extreme greed” rating of 76 in anticipation of the approval of spot Bitcoin ETFs.<\/p>\n\n\n\n
The index compiles and analyzes data from six key market performance indicators to assess daily market sentiment: volatility (25%), market momentum and volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and trends (10%).<\/p>\n\n\n\n
Following the U.S. Securities and Exchange Commission’s green light for spot Bitcoin ETFs, Bitcoin’s price soared to $49,000 in the subsequent 24 hours. However, by Jan. 12, it had fallen to as low as $41,500 as traders took profits.<\/p>\n\n\n\n
Bitcoin has since stabilized and is currently trading at approximately $42,200, as per TradingView data.<\/p>\n\n\n\n
The launch of spot Bitcoin ETFs has been marred by uncertainty, with mixed data on their performance and scarce details on the specifics of these new investment options.<\/p>\n\n\n\n
Google Trends data reveals a 1,100% spike in searches for \u201cWhy is Bitcoin dropping?\u201d as market players seek explanations for the recent fluctuations in Bitcoin’s price.<\/p>","protected":false},"excerpt":{"rendered":"
The Crypto Fear & Greed Index has recently fallen to “neutral,” a level last observed in October 2023. This shift occurs just days following the landmark approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.<\/p>","protected":false},"author":1,"featured_media":4109,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[35,44],"class_list":["post-4108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitocin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4108"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4108\/revisions"}],"predecessor-version":[{"id":4110,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4108\/revisions\/4110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4109"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}