Bitcoin Sentiment Remains Near Extreme Fear Level at 29
The Bitcoin Fear & Greed Index indicates a strong sentiment of fear among investors, currently at a value of 29. This is close to the extreme fear threshold of 25 and under.
Key Points
- The index measures market sentiment using factors such as trading volume, volatility, market cap dominance, social media sentiment, and Google Trends.
- Sentiment below 47 reflects fear; above 53 indicates greed.
- Despite a recent slight recovery in sentiment due to news about tariffs and price increases, market mood has worsened again.
- Historical trends suggest that extreme fear levels can precede price recoveries.
- Currently, Bitcoin is priced around $84,100, with a weekly increase of over 2%.
