On January 8, 2022, the price of bitcoin dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), sentiment shows “extreme fear” is in the air, and the CFGI score is a 10. The last time the CFGI score was this low was 171 days ago on July 21, 2021.
Current CFGI Sentiment Shows ‘Extreme Fear’ — Bitcoin’s Price 39% Lower Than All-Time High
Digital currency markets shed billions in value this past week and the leading crypto asset bitcoin (BTC) lost close to 10% during the last seven days. On Saturday, January 8, 2022, the price hit its lowest point since the end of September 2021, tapping a low of $40,517 per unit this afternoon.
Bitcoin’s global trade volume on Saturday is roughly $23.6 billion. BTC’s largest trading pair is tether (USDT) which commands 61.46% of all trades today. This is followed by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%), and EUR (3.21%).
BTC’s top exchange on Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken, and Bitstamp. BTC’s global trade volume today only represents 23.69% of the $99.6 billion in trades among all the assets in the crypto economy. While BTC commands $23.6 billion in trade volume, tether (USDT) captures $46.7 billion in trade volume worldwide.
Bitcoin Fear and Greed Index is 10 – Extreme Fear
Current price: $42,290 pic.twitter.com/j477q3iSjV
— Bitcoin Fear and Greed Index (@BitcoinFear) January 8, 2022
BTC’s 24 hour range on Saturday has been between $40,517.66 to $42,702.09. The Crypto Fear & Greed Index (CFGI) hosted on the web portal alternative.me indicates the current CFGI score is 10. This points to “extreme fear” as the tool “analyzes emotions and sentiments from different sources and crunch them into one simple number.”
The CFGI score hasn’t been this low since the summer, on July 21, 2021, which was roughly 171 days ago. The score has changed a great deal since even yesterday, when the CFGI recorded the “extreme fear” sentiment score at 18. Last week the CFGI score was 21, and 30 days prior it was 29.
Year-to-date, bitcoin (BTC) on Saturday, January 8, 2022, BTC is only up 6.4%. However, BTC is down 39% lower since its all-time high (ATH) two months ago on November 10, 2021. Bitcoin is up, however, 61,932.6% since July 6, 2013, or eight years ago when it was $67.81 per coin.
What do you think about the Crypto Fear & Greed Index score today? Let us know what you think about this subject in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Wonderful goods from you, man. I have understand your stuff previous to and you are just too fantastic. I actually like what you have acquired here, really like what you are saying and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can not wait to read far more from you. This is actually a wonderful site.
We are a group of volunteers and opening a new scheme in our community. Your web site provided us with helpful info to paintings on. You have performed a formidable process and our entire neighborhood might be thankful to you.
Some genuinely interesting information, well written and broadly user genial.
Aw, this was a really nice post. In thought I want to put in writing like this moreover – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and on no account appear to get one thing done.
Hello. remarkable job. I did not imagine this. This is a excellent story. Thanks!
Good day very nice website!! Guy .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds additionally?KI am happy to find so many useful information right here within the submit, we’d like work out extra strategies in this regard, thank you for sharing. . . . . .
Great blog here! Also your site loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol
You have mentioned very interesting points! ps nice site. “By their own follies they perished, the fools.” by Homer.
Throughout the grand pattern of things you get an A+ just for effort and hard work. Exactly where you confused me was first in your details. As they say, the devil is in the details… And that could not be more true here. Having said that, let me say to you what exactly did work. Your writing is definitely incredibly persuasive which is probably why I am taking an effort in order to opine. I do not really make it a regular habit of doing that. 2nd, even though I can notice the leaps in logic you make, I am not really confident of just how you seem to connect your ideas which inturn help to make the actual conclusion. For now I will, no doubt yield to your issue but wish in the near future you link your facts better.
A person essentially help to make critically posts I might state. That is the first time I frequented your web page and up to now? I surprised with the analysis you made to create this particular submit extraordinary. Magnificent job!
I conceive this website has some real wonderful info for everyone. “Only the little people pay taxes.” by Leona Helmsly.