2022: The Year Extreme Fear Took Over The Crypto Market

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,236,588,604,072	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,236,588,604,072

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	251.08	0.40%	63,140.33	63,136.57	63,138.20

Price Change

Price Change %

Current Price

Bid Price

Offer

251.08

0.40%

63,140.33

63,136.57

63,138.20

High Price	Low Price	Open Price	Prev. Close	52 Week Range
63,198.67	62,796.80	62,868.02	62,889.25	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

63,198.67

62,796.80

62,868.02

62,889.25

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:55:38	0.000439	63,144.09	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:55:38

0.000439

63,144.09

USD

Price x Volume	Volume	Base Symbol	Related Pairs
17,871,895.23	284.04	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

17,871,895.23

284.04

2022: The Year Extreme Fear Took Over The Crypto Market

28/09/2022 8:00pm

NEWSBTC

The year 2022 so far has seen the crypto market spend most of its time in the fear territory, with a large chunk of it being especially deep into extreme fear. Crypto Fear And Greed Index Continues To Point At “Extreme Fear” According to the latest weekly report from Arcane Research, the market has continued to be fearful without any breaks for 178 days now. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto sector. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values above 50 signify that investors are greedy right now, while those below the threshold suggest a fearful market. Values of more than 75 and less than 25 towards the ends of the range imply sentiments of “extreme greed” and “extreme fear,” respectively. Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: The value of the metric remains quite low | Source: Arcane Research's The Weekly Update - Week 38, 2022 As you can see in the above graph, the crypto fear and greed index has continued to be at a low value in recent weeks. The current value of the indicator is 20, which means the market sentiment is that of extreme fear at the moment. Related Reading: Bitcoin 90-Day CDD Hits All-Time Low, What Does It Say About Market? In total, the investors have been fearful for 178 consecutive days now, the longest streak since the metric was created back in 2018. For a great chunk of this time, the crypto market has actually had an extremely fearful sentiment. Prior to the relief rally in prices of coins like Bitcoin back during August, the sector saw a record extreme fear run. Overall during the year 2022, the indicator has spent very few days in the greed territory. Extreme fear has taken over the market for much of the time, and when there hasn’t been bottom sentiment, there has still been fear looming around the investors’ minds. Related Reading: Bitcoin (BTC) Price To Reach In Millions By 2030, Says Analyst Historically, the relevance of extreme fear territory has been that cryptos like Bitcoin have generally observed bottoms during stretches of such deep sentiment. The report notes that while accumulating in these periods can be a good strategy, investors should be aware that the fearful sentiment can go on for much longer still. BTC Price At the time of writing, Bitcoin’s price floats around $19k, down 1% in the past week. Looks like the value of the crypto has already come down from the surge a couple of days ago | Source: BTCUSD on TradingView Featured image from Natarajan sethuramalingam on Unsplash.com, charts from TradingView.com, Arcane Research

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