• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Bitcoin’s longest ‘extreme fear’ streak finally breaks

Jon Hartney by Jon Hartney
July 20, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

After 73 days of “extreme fear” on the Crypto Fear and Greed Index, investors can breathe a very small sigh of relief.

Bitcoin (BTC) on Tuesday finally escaped the “extreme fear” zone after a whopping 73 days, coinciding with a 19% weekly increase in Bitcoin (BTC) as bulls make their way back to the market. 

The Crypto Fear and Greed Index increased from “extreme fear” to merely “fearful” on July 19, reaching a score of 30 out of 100. It has gained slightly since then to the current index score of 31.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

The Index analyzes the current sentiment of the overall crypto market, scoring between 0 to 100. The index is based on mainly on Bitcoin market volatility, volume and dominance, social media sentiment, surveys and search trend data. 

On-chain metrics firm Santiment on Twitter noted that traders are “changing their tune” and are starting to look towards a long-term breakout of the cryptocurrency.

According to the firm, BTC’s average funding rate on exchanges has hit its highest levels in the last two months as BTC’s price rises above $23,600 — which could indicate a level of Fear of Missing Out (FOMO) is present.

Traders are changing their tune and are smelling a long-term breakout after a dominant #Bitcoin Tuesday. With the #1 market cap asset in #crypto surging, the ratio between $BTC #longs and #shorts is at its highest point since early May. Watch for #FOMO. https://t.co/4PcBhoKywd pic.twitter.com/dSPmazk1S1

— Santiment (@santimentfeed) July 19, 2022

Galaxy Digital CEO Mike Novogratz continues to tout optimism for the lead cryptocurrency, telling a Bloomberg conference on June 19 that he expects BTC to surge above $500,000 within the next 5 years.

“This is a story of two things — it is about adoption and global economics. And while this is a bump in the road in adoption, it is certainly not a U-turn”.

“We continue to see institutions […] that haven’t gotten involved yet, who see this as an opportunity,” he added.

Novogratz also believes “the worst has happened” and “now we’re rebuilding with a couple good days in a row. He also noted that there is “a good story with Ethereum and the Merge, the global macro markets are at max bearishness.”

Related: Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in

On the other hand, Grayscale’s “Bear Markets in Perspective” report suggests that the current bear market may last for another 250 days.

Product-comparison platform Finder has made a similar prediction as part of a Bitcoin prediction survey on July 12,  with five Fintech professionals at Finder and 53 industry experts suggesting that BTC will bottom out at $13,676 before making an uptrend towards $100,000 before 2025 and $300,000 by 2030.

Bitcoin is priced at $23,318 at the time of writing.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,506.001.55%
  • ethereumEthereum(ETH)$1,619.741.18%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.010.65%
  • usd-coinUSD Coin(USDC)$1.00-0.20%
  • binancecoinBNB(BNB)$311.190.86%
  • rippleXRP(XRP)$0.4156170.39%
  • Binance USDBinance USD(BUSD)$1.000.33%
  • cardanoCardano(ADA)$0.390893-0.96%
  • dogecoinDogecoin(DOGE)$0.0899001.95%
  • matic-networkPolygon(MATIC)$1.16-0.41%
  • OKBOKB(OKB)$39.779.20%
  • SolanaSolana(SOL)$24.57-0.33%
  • Lido Staked EtherLido Staked Ether(STETH)$1,608.980.76%
  • polkadotPolkadot(DOT)$6.52-1.38%
  • Shiba InuShiba Inu(SHIB)$0.0000122.09%
  • litecoinLitecoin(LTC)$96.008.14%
  • AvalancheAvalanche(AVAX)$20.79-1.30%
  • tronTRON(TRX)$0.0638100.47%
  • daiDai(DAI)$1.000.19%
  • UniswapUniswap(UNI)$6.83-0.77%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,344.001.21%
  • cosmosCosmos Hub(ATOM)$13.41-2.38%
  • ToncoinToncoin(TON)$2.56-0.59%
  • chainlinkChainlink(LINK)$7.41-0.73%
  • leo-tokenLEO Token(LEO)$3.82-1.24%
  • moneroMonero(XMR)$184.712.31%
  • ethereum-classicEthereum Classic(ETC)$22.652.45%
  • AptosAptos(APT)$18.33-2.22%
  • bitcoin-cashBitcoin Cash(BCH)$134.32-0.80%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0938220.26%
  • ApeCoinApeCoin(APE)$6.13-3.04%
  • QuantQuant(QNT)$151.51-0.55%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.52-1.90%
  • CronosCronos(CRO)$0.0823820.07%
  • filecoinFilecoin(FIL)$5.43-0.56%
  • Lido DAOLido DAO(LDO)$2.30-5.65%
  • algorandAlgorand(ALGO)$0.260072-1.69%
  • vechainVeChain(VET)$0.024573-1.33%
  • Internet ComputerInternet Computer(ICP)$6.151.41%
  • HederaHedera(HBAR)$0.068525-2.25%
  • Axie InfinityAxie Infinity(AXS)$11.66-0.99%
  • decentralandDecentraland(MANA)$0.71-1.32%
  • AaveAave(AAVE)$86.20-2.03%
  • eosEOS(EOS)$1.11-1.53%
  • The SandboxThe Sandbox(SAND)$0.75-1.94%
  • FantomFantom(FTM)$0.458046-3.40%
  • FlowFlow(FLOW)$1.08-2.34%
  • MultiversXMultiversX(EGLD)$44.87-0.37%
  • theta-tokenTheta Network(THETA)$1.10-1.47%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001761.23%
  • tezosTezos(XTZ)$1.12-1.71%
  • FraxFrax(FRAX)$1.00-0.14%
  • true-usdTrueUSD(TUSD)$1.010.34%
  • paxos-standardPax Dollar(USDP)$1.00-0.27%
  • bitcoin-cash-svBitcoin SV(BSV)$44.380.28%
  • huobi-tokenHuobi(HT)$5.162.03%
  • The GraphThe Graph(GRT)$0.094549-1.95%
  • Frax ShareFrax Share(FXS)$11.131.17%
  • kucoin-sharesKuCoin(KCS)$8.203.79%
  • Curve DAOCurve DAO(CRV)$1.10-1.87%
  • havvenSynthetix Network(SNX)$2.50-1.89%
  • Rocket PoolRocket Pool(RPL)$39.29-0.42%
  • ChilizChiliz(CHZ)$0.139926-0.23%
  • eCasheCash(XEC)$0.000038-2.41%
  • Trust WalletTrust Wallet(TWT)$1.750.24%
  • USDDUSDD(USDD)$0.99-0.17%
  • BitTorrentBitTorrent(BTT)$0.000001-0.44%
  • PancakeSwapPancakeSwap(CAKE)$4.040.35%
  • KlaytnKlaytn(KLAY)$0.219153-0.62%
  • BitDAOBitDAO(BIT)$0.58-0.93%
  • iotaIOTA(MIOTA)$0.240057-1.90%
  • dashDash(DASH)$56.248.61%
  • GateGate(GT)$4.231.36%
  • zcashZcash(ZEC)$47.060.66%
  • makerMaker(MKR)$664.58-2.90%
  • neoNEO(NEO)$8.400.01%
  • cUSDCcUSDC(CUSDC)$0.0227460.16%
  • gemini-dollarGemini Dollar(GUSD)$1.000.42%
  • OKCOKC(OKT)$32.065.84%
  • THORChainTHORChain(RUNE)$1.87-1.05%
  • cDAIcDAI(CDAI)$0.022146-0.01%
  • BTSE TokenBTSE Token(BTSE)$3.39-1.59%
  • Mina ProtocolMina Protocol(MINA)$0.66-1.37%
  • Tokenize XchangeTokenize Xchange(TKX)$6.711.74%
  • ImmutableXImmutableX(IMX)$0.67-2.92%
  • RadixRadix(XRD)$0.05214416.84%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • ArweaveArweave(AR)$10.40-0.14%
  • PAX GoldPAX Gold(PAXG)$1,928.11-0.01%
  • OsmosisOsmosis(OSMO)$0.99-1.31%
  • GMXGMX(GMX)$57.103.82%
  • FlareFlare(FLR)$0.0434639.86%
  • OptimismOptimism(OP)$2.22-5.02%
  • zilliqaZilliqa(ZIL)$0.029742-2.30%
  • nexoNEXO(NEXO)$0.85-0.14%
  • Tether GoldTether Gold(XAUT)$1,889.69-0.02%
  • cETHcETH(CETH)$31.91-0.93%
  • enjincoinEnjin Coin(ENJ)$0.458552-8.19%