Bitcoin Fear & Greed Index Nears Neutral as Price Reaches $85,000

Bitcoin's price has recovered to $85,000, bringing the market sentiment closer to neutral.

Current Bitcoin Market Sentiment

The Fear & Greed Index indicates investor sentiment based on five factors: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. The index ranges from 0 to 100, with readings above 53 indicating greed and below 47 indicating fear.

Current Fear & Greed Index value: 44 (indicating fear)
Previous day’s value: 34 (firmly in fear territory)
Lowest recent value: 26 during a price plunge
Neutral zone is between 47 and 53

Despite being close to the neutral mark, the index suggests a prevailing sentiment of fear among investors. Historically, extreme fear can signal market bottoms, and while the recent plunge did not reach this extreme, it contributed to BTC’s recovery.

BTC Price Overview

Currently, Bitcoin is trading at around $85,000, down nearly 4% over the past week.