Bitcoin Price Crashes to $107,000 As Fear Index Flirts With “Extreme Fear”


Bitcoin Magazine

Bitcoin Price Crashes to $107,000 As Fear Index Flirts With “Extreme Fear”

Bitcoin price has tumbled to the $107,000 range as all markets enter a phase of pronounced caution.  

According to the Bitcoin Fear & Greed Index, sentiment currently sits at 28/100, firmly in the ‘Fear’ category.  The market would enter the ‘Extreme Fear’ category if the sentiment fell below 25/100.

The index, which gauges market emotion on a scale from 0 (extreme fear) to 100 (extreme greed), is a barometer for investor sentiment, highlighting periods when Bitcoin may be undervalued or overextended.

The current “fear” in the market and ensuing sell-off may be linked to a rising trade tension between the U.S. and China. President Donald Trump is set to address the nation from the Oval Office on Thursday at 3 p.m. EST, though details about the announcement remain unknown.

The Fear & Greed Index has become a popular tool for investors and traders seeking to separate their own emotions from broader market movements. 

When fear dominates, it’s often a signal for buying opportunities, as investors may be overreacting to price dips. 

Conversely, periods of extreme greed can indicate overheating and heightened risk.

For context, when bitcoin was priced above $124,000 almost two weeks ago, the index was priced above 70, which would be in the ‘greed’ category, according to Bitcoin Magazine Pro data. 

Bitcoin price recently

Bitcoin’s recent pullback follows a volatile stretch in which the asset surged to all-time highs before retreating. 

Over the past several days, Bitcoin has hovered between $110,000 and $112,000, bouncing from oversold levels on the Advanced NVT Signal for the first time since the $75,000 mark. 

According to Bitcoin Magazine Pro, these readings suggest Bitcoin may be temporarily undervalued relative to its network activity. As fear dominates the market, traders may be reluctant to commit capital, keeping Bitcoin in a range-bound pattern.

In stark contrast, gold continues its meteoric rise, hitting new all-time highs near $4,270 per ounce. The metal’s year-to-date gain of nearly 60% has outpaced Bitcoin’s roughly 20% growth, reinforcing its status as a safe-haven asset.

Right now, the diverging trajectories of Bitcoin and gold illustrate the split between risk-on and risk-off assets. Bitcoin’s Fear & Greed Index reading of 28 really shows heightened market anxiety, while gold continues to attract investors seeking stability. 

This post Bitcoin Price Crashes to $107,000 As Fear Index Flirts With “Extreme Fear” first appeared on Bitcoin Magazine and is written by Micah Zimmerman.





Source link

  • Related Posts

    Grant Cardone Buys More Bitcoin During Market Sell-Off

    It’s been a turbulent stretch for the crypto market, with many investors stressing as bitcoin continues to slide day by day.  But Grant Cardone’s investment arm, Cardone Capital, doesn’t seem…

    Daylight Raises $75 Million To Bring Distributed Solar Power to Homes

    Daylight, a decentralized physical infrastructure network (DePIN) project focused on creating a distributed solar energy grid, has raised $75 million to expand its network of solar coverage in the United…

    Leave a Reply

    Your email address will not be published. Required fields are marked *