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Bitcoin merchants succumb to “excessive concern” following a large value crash
Disclaimer: The opinion expressed right here shouldn’t be funding recommendation – it’s supplied for informational functions solely. It doesn’t essentially mirror the opinion of U.As we speak. Each funding and all buying and selling includes danger, so you must all the time carry out your personal analysis prior to creating choices. We don’t advocate investing cash you can’t afford to lose.
The Crypto Concern and Greed Index has as soon as once more dipped into the “excessive concern” territory.
The index, which is taken into account to be a useful device for measuring market sentiment, has dropped to simply 18 factors, the bottom stage since July, in keeping with the newest every day replace.
Bitcoin plunged sharply decrease on Dec. 4, revisiting the $42,000 stage for the primary time since early October.
The most important cryptocurrency has up to now didn’t regain the $50,000 stage, at the moment buying and selling at $49,230 on the Bitstamp trade.
On Nov. 9, the index reached a neighborhood peak of 84 factors, which occurred simply in the future earlier than Bitcoin reached its present all-time excessive above the $69,000 stage.
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