Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows

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The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier and a peak of 82 on Aug. 26, the highest reading of the year. Bitcoin dropped about 6%, from $86,978 to $81,749.83, as oil topped $101 per barrel and the 30-year Treasury yield reached 5.70%. Spot Bitcoin ETFs posted net outflows of $386.3 million in October, and Ethereum funds extended their outflow streak to nine days with $635 million out this month. Traders on Myriad now give Bitcoin a 45% chance of touching $87,500 and a 56% chance of dropping to $80,000 in October.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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