logo

Fear sentiment looming around Bitcoin, Litecoin, Ethereum, Ripple, EOS prices

fear ruling cryptocurrency market

After the drama around Tether and Bitfinex, Greed and Crypto Fear indices now indicate strong fear among the crypto traders. The index, Alternative.me which was developed by the creators of Thundercheck.org and Strawpoll.com carries out social media surveys to figure out the current views of digital currency traders.

Currently, the index indicates a mark of 42, which indicates a sense of fear and threat creeping up into the minds of these investors. The major concern that they have is regarding a further decline in the value of Bitcoin, which seems quite likely as of recently.

Fear sentiment looming around Bitcoin, Litecoin, Ethereum, Ripple, EOS prices 1

This index follows the advice by the billionaire, Warren Buffet, who said that traders should be afraid when others are greedy and greedy when they are fearful.

According to this logic, severe fear indicates that the investors are really worried, which could open up an opportunity for purchasing. Contrarily, if investors show too much greed, the market is likely up for a correction.

Majority of the traders of cryptocurrency are reacting to the allegations faced by Tether and Bitfinex. Amidst this instability, Filb Filb, the BTC analyst and contributor told his thirteen thousand twitter followers that he has switched to fiat currency.

While some cryptoanalysts and investors are not too hopeful about the current situation in the crypto-space, Josh Rager, investor, and trader shared his thought regarding the Tether and Bitfinex situation, remarking that he believes Bitfinex will exit the market in good shape.

https://twitter.com/Josh_Rager/status/1121796383017619456

DataDash, the highly followed crypto analyst on youtube stated that he is looking forward to seeing whether BTC can stay above five thousand dollars ($5,000).

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

Central Bank of Russia's new crypto mining conditions
Top 7 Cryptocurrencies to Invest in Right Now
5 Things To Consider Before Selecting a Web Proxy
Bitcoin, Binance Coin, Cronos, and Quant Daily Price Analyses – 7 December Morning Prediction
BudBlockz Will Take The Crypto World By Storm In 2023

Follow Us

Industry News

Iran plans to freeze bank accounts for women without hijab
Revealed: the top-5 token Holdings of Alameda
Warner Music Group seals deal with Polygon to release music NFTs
Ledger partners with iPod designer for new security feature
RTFKT and Cryptokicks iRL minting system is revealed

Add Your Heading Text Here