The Crypto Fear & Greed Index stands at 40, in fear territory since July 10th, despite significant price movements. Bitcoin has experienced multiple full cycles over the past month, moving from $66,500 to $64,000, then back above $65,000, with 5-7% swings. The cryptocurrency market capitalization followed a similar trajectory, oscillating between $2.14 trillion and $2.25 trillion. This unusual stability in the index while prices vary significantly could indicate trader indifference or a loss of the contrarian signal usually associated with this indicator.
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