Sunday, December 10, 2023
FameLIV
No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel
No Result
View All Result
FameLIV
No Result
View All Result
Home Crypto

Crypto Market “Etreme Fear” Metric Reaches Multi Month Low

by FameLIV
December 12, 2021
in Crypto
Reading Time: 3 mins read
0 0
A A
0
Crypto Market “Etreme Fear” Metric Reaches Multi Month Low
Share on FacebookShare on Twitter


Worry runs deep within the crypto market as main cryptocurrencies re-test important help ranges. On December 3rd, Bitcoin’s worth depraved into the lows at $40,000 leading to a file variety of liquidated positions throughout alternate platforms.

Associated Studying | Crypto Market Evaluation: December 6, 2021

On the time of writing, virtually each cryptocurrency, however Bitcoin within the high 10 by market cap appears to point out indicators of restoration. The benchmark crypto trades at barely north of $50,000 after it was rejected at $51,500 with small losses previously 24-hours.

Bitcoin BTC BTCUSD crypto
BTC shifting sideways within the 4-hour chart. Supply: BTCUSD Tradingview

Information from Arcane Analysis reveals that the Worry and Greed Index has been fluctuating with the worth of enormous crypto by market cap. Over the last week, this metric stood within the “Worry” ranges proper up till Friday’s crash when it dipped additional into “Excessive Worry”.

Though the metric was capable of bounce from a low at 16 it now scores a 25 within the metric, virtually 50 factors lower than in November when it stood at Greed with 73. The index remains to be near its yearly lows, and nearer to post-Might 2021 ranges when a rise in promoting strain slumped the costs of each main crypto.

These ranges remained at their lows from that second till mid-August, when Bitcoin lastly broke above $40,000 and into an all-time excessive at $69,000. Arcane Analysis famous the next:

(…) panic unfold throughout the market following the weekend sell-off. We haven’t seen such a fearful market in virtually 4 months. The market sentiment bounced off the lows on Tuesday because the market recovered strongly, however we’re nonetheless within the “concern” space (…).

A “Worry and Greed” Index on Excessive Worry ranges, in accordance with sure analysts, has traditionally preceded crypto market native bottoms. Nonetheless, a run into new highs might see an impediment because the macro-economic outlook flip complicated.

The Crypto Market At Threat For Macro Elements?

QCP Capital believes the selloff was attributable to concern of the brand new COVID-19 variant, Omicron, inflation issues, weak spot within the Chinese language inventory market, and the chance that the U.S. FED begins to taper its asset buying program.

Associated Studying | How Crypto Champions may help you improve the rarity of your NFT

The Chinese language crypto market, specifically, holds issues. This has translated into persistent unfavorable funding charges throughout exchanges platforms. QCP Capital claimed:

This means persistent promoting out of China. In distinction, funding charges in different exchanges normalised in a short time (…). With the persistent unfavorable funding in Chinese language exchanges, we reckon a push greater in spot might really set off a short-squeeze.

The crypto market already reveals indicators of this brief squeeze, however it might face extra draw back because of the aforementioned macroeconomic components.



Source link

Tags: CryptoEtremeFearMarketMetricMonthMultiReaches

Related Posts

Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer
Crypto

Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer

December 10, 2023
Crypto Analyst Identifies Cardano (ADA) Bullish Cross That Led To 6,000% Increase
Crypto

Crypto Analyst Identifies Cardano (ADA) Bullish Cross That Led To 6,000% Increase

December 9, 2023
Spot Bitcoin ETFs Are Coming Soon. How Will They Be Redeemed?
Crypto

Spot Bitcoin ETFs Are Coming Soon. How Will They Be Redeemed?

December 10, 2023
We are less than 100 billion to a $34T Debt .
Crypto

We are less than 100 billion to a $34T Debt .

December 10, 2023
What Is USDC?
Crypto

What Is USDC?

December 9, 2023
The Latest Tech News in Crypto and Blockchain
Crypto

The Latest Tech News in Crypto and Blockchain

December 9, 2023
  • Trending
  • Comments
  • Latest
Snopp Dogg says he’s giving up ‘smoke.’ It caught some of his fans off guard

Snopp Dogg says he’s giving up ‘smoke.’ It caught some of his fans off guard

November 19, 2023
ESG as an Artifact of Zero Interest Rate Policy

ESG as an Artifact of Zero Interest Rate Policy

November 20, 2023
Bitcoin and Ethereum Lead the Charge to New Highs

Bitcoin and Ethereum Lead the Charge to New Highs

December 4, 2023
This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

This year’s Black Friday ‘busiest shopping day on record’ – Nationwide

November 25, 2023
6/16: CBS News Weekender – CBS News

6/16: CBS News Weekender – CBS News

June 17, 2023
What Is Gross Income? Here’s Everything to Know.

What Is Gross Income? Here’s Everything to Know.

June 17, 2023
Gravitas: Mysterious pneumonia outbreak in China: Is the next killer pandemic on its way? | WION

Gravitas: Mysterious pneumonia outbreak in China: Is the next killer pandemic on its way? | WION

31
Next pandemic: Disease X is 20 times deadlier than covid-19 l WION ORIGINALS

Next pandemic: Disease X is 20 times deadlier than covid-19 l WION ORIGINALS

25
Civilian convoy sa WPS, posibleng harangin ng Chinese ships ; 40 barko, dapat may permit – PCG

Civilian convoy sa WPS, posibleng harangin ng Chinese ships ; 40 barko, dapat may permit – PCG

42
Calls for a China travel ban

Calls for a China travel ban

7
Why Global Supply Chains May Never Be the Same | WSJ Documentary

Why Global Supply Chains May Never Be the Same | WSJ Documentary

39
Canadians nearing retirement will need to make "significant" lifestyle cuts: report

Canadians nearing retirement will need to make "significant" lifestyle cuts: report

34
Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours

Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours

December 10, 2023
Liz Magill’s Resignation Sparks Celebrations, Outrage

Liz Magill’s Resignation Sparks Celebrations, Outrage

December 10, 2023
Arsenal v Chelsea: Women’s Super League – live | Women’s Super League

Arsenal v Chelsea: Women’s Super League – live | Women’s Super League

December 10, 2023
Elizabeth Ho Shares Her Favorite Linzer Cookie Recipe

Elizabeth Ho Shares Her Favorite Linzer Cookie Recipe

December 10, 2023
Heavy fighting across Gaza as Israel presses ahead with renewed US military and diplomatic support

Heavy fighting across Gaza as Israel presses ahead with renewed US military and diplomatic support

December 10, 2023
Egyptians vote for president, with el-Sissi almost certain to win

Egyptians vote for president, with el-Sissi almost certain to win

December 10, 2023
Famenet
FameLIV

Get the latest news and follow the coverage of latest general updates, politics, financial updates, sports and more from the top trusted sources.

CATEGORIES

  • Business
  • Crypto
  • Economy
  • Featured
  • Health
  • Lifestyle
  • Markets
  • Politics
  • Sports
  • Tech
  • Travel
  • Video
  • World

LATEST UPDATES

  • Putin’s ‘secret lover’ Alina Kabaeva looks sombre as she reappears in public after six weeks amid ‘house arrest’ rumours
  • Liz Magill’s Resignation Sparks Celebrations, Outrage
  • Arsenal v Chelsea: Women’s Super League – live | Women’s Super League
  • Home
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Featured
  • World
  • Politics
  • Business
  • Health
  • Economy
  • Markets
  • Sports
  • Tech
  • Crypto
  • Lifestyle
  • Travel

Copyright © 2023 Fame Infinity Ltd Parent Company of FameLIV.com | All Rights Reserved.
FameLIV is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In