The Crypto Fear & Greed Index, an indicator tracking market sentiment towards Bitcoin and other cryptocurrencies, has fallen to levels last seen in October 2024. On December 30th, the index recorded a score of 65, still within the “greed” zone but the lowest since October 15th.
According to CoinGecko, the current Bitcoin price is around $93,000, a 13.7% decrease over the past 12 days. Traders are cautioning against a potential “huge dump” as investors flock to stablecoins.
Throughout November and December, the Crypto Fear & Greed Index remained consistently above 70, coinciding with the US presidential election and the success of pro-crypto politicians in various government positions. The index even reached a high of 94 on November 22nd.
It is calculated by taking into account a variety of factors that influence traders’ and investors’ behavior.
