Fear & Greed Index Hits Lowest Since March 2020 Even as Bitcoin Hits $30.5K
Market sentiment data is echoing the March 2020 crash but always remember Bitcoin can do anything so let’s just sit-back and watch the show, hold and buy as much cheap Bitcoin as we can
Fear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K
“Market sentiment data meanwhile reflected the majority consensus across crypto — that anything could now happen, with bias firmly skewed to the downside.
The Crypto Fear & Greed Index, a cross-market sentiment gauge, hit 8/100 on May 17, its lowest value since March 28, 2020 — two weeks after the Coronavirus lockdown-induced meltdown.
Then, as now, BTC/USD was already recovering from its lows. At $30,500, the pair was up 28% from the week prior.”