Within a day, the mood of BTC traders changed from “Extreme Greed” to “Fear”

Within a day, the mood of BTC traders changed from “Extreme Greed” to “Fear”

There is high volatility in the Bitcoin market these days and the mood has changed by 180 degrees.

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6 Sep 2020 , 11:46 @ Katie Müller

Within a day, the mood of BTC traders changed from “Extreme Greed” to “Fear”

There is high volatility in the Bitcoin market these days and the mood has changed by 180 degrees.

September came with a hard dump that reduced the price of bitcoin by more than $ 2,000 in a matter of days. The result is a significant change of mood in the market, which is monitored by the Crypto Fear & Greed Index.

If we look at the chart higher, we can see the rapid change when on September 3 we were at level 79Extreme Greed” and the day after index dropped to 40 with the status “Fear“.

Crypto Fear & Greed Index

We are currently at level 41 and it will probably take a while for traders to get rid of fear.

Read also: Monthly DEX volume increased by 222% in August

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