CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Crypto fall pushes Fear&Greed index to lowest since early 2023

February 22, 2025
in Market, News
A A
Market | Freepik

Market | Freepik

Dalintis FacebookDalintisShare on Twitter

Crypto investor sentiment cratered to the most negative levels since the tail-end of the 2022 crypto winter as bitcoin’s (BTC) plunge below $54,000 pulled down digital asset markets.

The widely-followed Crypto Fear & Greed Index, created by data source Alternative.me, shows market enthusiasm towards bitcoin and other large cryptocurrencies, with 0 being extreme fear and 100 translating to extreme greed.

The gauge dropped to 29 on Friday, its deepest dive into the fear zone since early January 2023 when bitcoin was trading around $17,000 after 2022’s crushing bear market.

The metric notably sent out a contrarian sell signal this past March when it reached the 90 level at near what turned out to be (so far) the 2024 top of the broader crypto market and bitcoin’s all-time high of about $73,500. Since then, BTC and ether (ETH) are 25%-30% lower, while altcoin majors plunged around 50% and smaller tokens lost even more.

Is the bottom in?

Extreme levels of fear may present buying opportunities, but the reality is more nuanced with several factors to be considered.

The key catalysts behind the downturn was the unloading of seized bitcoin by German and U.S. governments, along with “preemptively selling” as the estate of defunct Japanese exchange Mt. Gox started to refund investors this month, Rachel Lin, CEO and co-founder of derivatives trading venue SynFutures, said in a market update.

The selling pressure is unlikely to abate in the short-term, she said. The German government still holds some $2.2 billion worth of BTC, the U.S. government has over $12 billion and the Mt. Gox estate has more than $8 billion of assets, data by blockchain tracing platform Arkham Intelligence shows.

“The direction of bitcoin in the coming days will be determined by the selling pressure from Mt. Gox users,” Lin added.

“The market expects most Mt. Gox users dump their tokens, but we might see a bounce back if the selling is lower than anticipated, she said. “On the other hand, if there is enough selling to push the price lower, we might be looking at the $50,000 level soon.”

Source: Coindesk
Tags: BTCGermanyMt. GoxUSA

Related

Why Ethereum Could Be Headed Toward $5,000?

September 4, 2025

Ethereum continues to consolidate around $4,400 as overall crypto sentiment remains neutral. However, rising inflows into ETH-based ETFs suggest growing...

Pi Coin Forecast: Will DeFi Gaming Fuel a Surge to $1?

September 3, 2025

Pi coin has regained attention after stabilizing near $0.34, slightly above its recent low of $0.27. Following months of downward...

Institutional Momentum Fuels Bullish Surge

September 1, 2025

Bitcoin continues to dominate market conversations as its price structure aligns with increasing corporate accumulation. Japan-based Metaplanet has now amassed...

Wall Street Recognizes XRP as Top Crypto After Bitcoin, Says Canary CEO

August 31, 2025

Canary Capital’s CEO, Steven McClurg, recently declared that XRP is the second most prominent cryptocurrency among Wall Street investors, trailing...

Analysts Predict PENGU Surge Following Pudgy Party’s Mobile Debut

August 31, 2025

The recent launch of Pudgy Party on iOS and Android has sparked renewed optimism around the PENGU meme coin. Crypto...

News

Coins

TikTok Refutes Claims Its Owners Bought ‘Trump Coin’

June 20, 2025
Coins

Whales Accumulate 3.3M Pi in a Day Amid Declining Daily Unlocks

August 4, 2025
Reviews

Crypto Hype: Understanding the World of Memecoins

August 9, 2025
Bitcoin / freepik
Blockchain

Bitcoin Poised for Rally as Key Bullish Indicator Reappears

August 10, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Binance Binance Coin Bitcoin blockchain BONK BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving Hash rate Memecoin Meta Mining Mobile OpenAI pengu Pepecoin pi coin pi network RIOT Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.