On January 8, 2022, Bitcoin price fell to $ 40,517 per unit just after 1 p.m. EST on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), mood shows that there is “extreme fear” in the air, and the CFGI score is 10. The last time the CFGI score was this low was 171 days ago on July 21, 2021.
Current CFGI sentiment shows “extreme fear” – Bitcoin’s price 39% lower than all-time high
The digital currency markets have lost billions in value over the past week and the leading crypto asset Bitcoin (BTC) has lost nearly 10% in the past seven days. On Saturday, January 8, 2022, the price hit its lowest point since late September 2021 and hit a low of $ 40,517 per unit this afternoon.
The global trading volume of Bitcoin is around $ 23.6 billion on Saturday. BTC’s largest trading pair is Tether (USDT), which dominates 61.46% of all trades today. This is followed by USD (14.73%), BUSD (6.79%), KRW (3.64%), JPY (3.27%) and EUR (3.21%).
Bitcoin price fell to $ 40,517 per unit just after 1 p.m. EST on Saturday afternoon.
BTC’s top exchange on Saturday is FTX.US, followed by Coinbase, Bitfinex, Kraken and Bitstamp. The global trading volume of BTC today accounts for only 23.69% of the $ 99.6 billion in trading volume of all assets in the crypto economy. While BTC has a trading volume of $ 23.6 billion, Tether (USDT) has a trading volume of $ 46.7 billion worldwide.
Bitcoin Fear and Greed Index is 10 – Extreme Fear
Current price: $ 42,290 pic.twitter.com/j477q3iSjV
– Bitcoin Fear and Greed Index (@BitcoinFear) January 8, 2022
BTC’s 24-hour range on Saturday was between $ 40,517.66 and $ 42,702.09. The Crypto Fear & Greed Index (CFGI) hosted on the alternative.me web portal indicates that the current CFGI score is 10. This indicates “extreme fear” as the tool “analyzes emotions and feelings from different sources and summarizes them into a simple number”. . “
The CFGI score has not been so low since the summer of July 21, 2021, about 171 days ago. The score has changed a lot since yesterday when the CFGI recorded the sentiment score for “extreme fear” at 18. Last week, the CFGI score was 21 and 30 days earlier it was 29.
Since the beginning of the year, Bitcoin (BTC) on Saturday, January 8, 2022, BTC has only increased 6.4%. However, BTC is down 39% since its all-time high (ATH) two months ago on November 10, 2021. However, Bitcoin is up 61,932.6% since July 6, 2013 or eight years ago when it was $ 67.81 per coin.
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analyzes emotions, analyzes moods, Bitcoin (BTC), BitFinex, BitStamp, CFGI, Coinbase, Crypto, Crypto Fear & Greed Index, Cryptocurrency, Ethereum (ETH), extreme fear, fiat pairs, FTX.US, July 21, 2021, Kraken, Markets, Pairs, Prices, Score, Score 10, Tether, USDT
What do you think of the Crypto Fear & Greed Index rating today? Let us know what you think on this matter in the comments below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.
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