Crypto Fear & Greed Index Flips From 'Fear' to 'Neutral'
Summary
The CoinMarketCap Crypto Fear and Greed Index reached a reading of 40, moving into the 'neutral' zone for the first time since October, suggesting investor sentiment is improving but not yet bullish. This follows a period of 'extreme fear' in November, which saw the index hit a low of 10 after a major market crash in October where Bitcoin dropped 35% from its high of over $125,000 to about $80,000. Despite geopolitical tensions, like the US strike on Venezuela announced by President Trump, Bitcoin remained resilient, even reclaiming $91,000, which is unusual for risk-on assets. Analysts remain divided on the long-term impact of this geopolitical event on crypto prices.
(Source:Cointelegraph)