We explore the recent FUD revival as Bitcoin fear and greed index signals that investors are growing weary amid lower highs.
Amidst Bitcoin’s price weakness, here’s some information that may help provide a clearer picture of the current market.Its recent bullish attempt formed a lower high, adding to what we have observed in the king coin since its peak in March.
This has been contributing a great deal to the erosion of confidence in BTC’s ability to soar into new highs.The latest attempt at pushing above $60,000 resulted in a resurgence of sell pressure. Consequently, the market sentiment dipped further. The Bitcoin Fear and Greed Index fell from 39 a week ago to 29 at press time.The prevalence of fear also aligned with the escalating concerns about the global economic condition, especially as recession fears took hold.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin’s narrow range wreaks havoc: Shorts, leverage traders reeling!Bitcoin short traders suffer as Bitcoin demonstrates strength despite signs indicating possibility of more price slippage.
Read more »
Nasdaq files to launch and trade Bitcoin index options, CME Group to launch Bitcoin Friday futuresThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitcoin falls under $60K as U.S. govt moves 10K BTC: Bearish signs?Bitcoin lends itself to the bears after failing to sustain demand above $60,000. Bitcoin FUD ticks up after U.S government moves BTC
Read more »
– Recession fears trigger FUD, but is it right time to buy?Bitcoin bears dominated on Friday, sending the market crashing by almost 6%. The top cryptocurrency has been on a downtrend for...
Read more »
Crypto whale scoops up 84,000 BTC in July: Bullish market shift?Crypto whales have significantly increased their Bitcoin holdings in the past month, accumulating over 84,000 BTC.
Read more »
Mt. Gox Bitcoin balance down to $3B – Potential effects on BTCMt Gox Bitcoin balance has declined to about $3 billion worth of Bitcoin after the latest BitGo transfer. Will that help market sentiment?
Read more »