The Crypto Fear and Greed Index touched the "greed" position several days ago on March 28, achieving a 60 for the first time in four months. Bitcoin has lost about $7,500 in USD value since then, reaching a low of $39,200 per unit on April 11. The drop has driven the Crypto Dread and Greed Index, which now has a score of 22, back to "severe fear." After reaching a low four days ago, the price of bitcoin (BTC) stabilised for the time being on Friday, April 15, 2022. On Friday, BTC traded in a 24-hour range of $39,823.77 to $40,709.11 per unit, with around $22 billion in worldwide trading activity. Bitcoin has dropped 7.2 per cent in the last week, and the biggest crypto asset has lost around 11.3 per cent in the last two weeks, according to figures. Bitcoin's price versus the US dollar is 35.7 per cent lower year-to-date than it was a year ago today. Bitcoin's market value was about $767 billion on Friday, accounting for 38.91 per cent of the $1.97 trillion crypto economy. Tether (USDT) is the most popular BTC trading pair today, with 60.88 per cent of all traders globally. Tether is followed by USD (12.27%), BUSD (7.88%), JPY (4.09%), and KRW (4.09%). (3.28 per cent). The Crypto Dread and Greed Index reached "severe fear" status on April 15 and now has a score of 22. The score was 28 yesterday, which implies "fear," and 37 the week before, which also means "fear." The Crypto Fear and Greed Index takes market emotion and distils it into a single number and explanation. Traditional financial markets utilise sentiment indicators as well. These sentiment indices are used by financial firms, colleges, and media organisations such as CNN, the University of Michigan, Nasdaq's ISEE Index, and others to evaluate how the market is feeling. Bitcoin is currently the ninth-largest global asset by market capitalization, surpassing Berkshire Hathaway ($760.36B) but falling short of Tesla ($1.018T). The Crypto Fear and Greed Index last hit a 22 on March 22, which was 24 days ago. Extreme fear and greed can have two meanings, according to the Crypto Fear and Greed Index, which is maintained on an alternate website. 'Extreme fear' might indicate that investors are too concerned. "This may be a good time to invest," the website advises. "When investors get excessively 'greedy,' the market is due for a correction."
