Bitcoin's
This tool, which measures market attitudes toward Bitcoin and other cryptocurrencies, scored 65 on December 30. While still in the “greed” range, the figure marks a decline from the highs seen earlier this year.
The index uses a variety of factors to gauge market sentiment, including market volatility, market momentum, social media, and Bitcoin dominance.
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Bitcoin's price currently sits near $93,000, marking a 13.7% drop over the past 12 days, while many traders have shifted their holdings into stablecoins.
Seasoned trader Peter Brandt recently shared his view on potential Bitcoin price movements. On December 28, he described a possible “Hump Slump Bump Dump Pump” pattern, which outlines an initial price rise, followed by a drop, a partial recovery, another decline, and finally a rebound.
The Fear & Greed Index had stayed above 70 throughout November and December, boosted by political developments in the United States.
President-elect Donald Trump’s victory, along with the success of several pro-crypto candidates in Congress, created optimism among investors. This enthusiasm peaked on November 22 when the index reached 94.
As Bitcoin's market sentiment drops, Ethereum's long-term investors saw a notable increase in 2024. What does the growth mean for Ethereum? Read the full story.
