MicroStrategy's Significant Bitcoin Impairment Losses May Mislead: Berenberg
Turkish Crypto Exchange Thodex CEO Faruk Özer Sentenced to 11,196 Years in Prison for Collapse
Binance Supercharges Bitcoin and Ether Trading in Argentine, Brazilian, and South African Currencies with Exciting Fee Promotion
Crypto Sentiment Index Slides to ‘Extreme Fear,’ Bitcoin’s USD Value Is Down 35.7% Year-to-Date
The price of bitcoin (BTC) has consolidated for the time being on Friday, April 15, 2022, after touching a four-day low four days ago. On Friday, BTC traded in a 24-hour range of $39,823.77 to $40,709.11 per unit, with over $22 billion in worldwide trading volume.
Bitcoin is down 7.2 percent this week, and over the last two weeks, the leading cryptocurrency has lost almost 11.3 percent. Bitcoin's price against the US dollar is 35.7 percent lower year to date than it was a year ago today.
While bitcoin's market value was at $767 billion on Friday, it represents 38.91 percent of the $1.97 trillion crypto economy in its current state. Today's most popular BTC trading pair is tether (USDT), accounting for 60.88 percent of all global deals. Tether is followed by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (4.09%). (3.28 percent ).
The Crypto Fear and Greed Index reached the "severe fear" level on April 15 and currently stands at 22. Yesterday, the score was 28, which is code for "fear," and a week ago, it was 37, which is also code for "fear."
The Crypto Fear and Greed Index distills market sentiment into a single number and description. Sentiment indices are also employed in conventional financial markets. Financial firms, universities, and media organizations such as CNN, the University of Michigan, and Nasdaq's ISEE Index, among others, employ these sentiment indices to evaluate market sentiment.
Bitcoin is the ninth-largest global asset by market capitalization today, surpassing Berkshire Hathaway ($760.36B) but falling short of Tesla ($1.018T).
The Crypto Fear and Greed Index last reached a value of 22 on March 22, or 24 days ago. According to alternative.me's Crypto Fear and Greed Index, severe fear and greed can take on two meanings.
"'Extreme dread' may indicate that investors are overly concerned. That may represent a purchasing opportunity," the website notes. "When investors get excessively 'greedy,' the market is due for a correction."
=====
Related Video:
