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Rachel Welch

07 November 2022 58 Read Crypto

What is Crypto Fear?

The crypto market is constantly fluctuating, but some indicators can indicate the likelihood of an upcoming sell-off. One indicator is the Crypto Fear and Greed Index, which identifies the level of fear and greed on the market. A reading of 24 or 49 means extreme fear, a sign of the potential for a price fall. However, a score below zero could signal a buying opportunity. The Crypto Fear and Greed Index is a useful tool to keep in mind when preparing your long-term investment strategy.

The fear index is based on the price of Bitcoin, a cryptocurrency that represents the sentiment in the market today. However, it is relevant to other major cryptocurrencies as well. The index uses six indicators that are derived from qualitative and quantitative measures. The current price of Bitcoin is measured in the index and compared to a 30-day and 90-day average. A sharp increase in volatility in a particular cryptocurrency or market sector is indicative of a strong fear of the future.

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