The cryptocurrency Fear and Greed Index fell to 30 out of 100 after the October 29 Binance hack, well below its 30-day average of 56. It had already dropped from 68 points on October 22 to 51 points on the eve of the attack before losing another 21 points. CryptoQuant says a recovery will only be confirmed if investor sentiment and prices rise together. The market is now in the fear zone without reaching the extreme fear threshold of 25 points, while Binance previously reimbursed 7,000 BTC stolen in 2019 through its SAFU insurance fund.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
