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Saturday, February 4, 2023

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Bitcoin (BTC) goes sideways; crypto market walks in crab steps

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But, according to the Fear & Greed index, the market is slowly getting scared towards the end of the year (Image: Pixabay/EivindPedersen)

O Bitcoin (BTC) it’s the crypto market they have been moving sideways since the end of last week, and this Tuesday (6th) it continues at the level of US$ 17 thousand – it varies slightly up or down.

At the same pace, the Ether (ETH) appreciates a little more, and is trading at $1,250. The market value also stalls at US$ 850 billion and has slight daily variations. But, according to the Fear & Greed index, the market is slowly getting scared with the end of the year.

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Today’s index score is 25, the crypto market is 1 point more scared compared to the previous day.

Latest Crypto Fear & Greed Index

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In the opposite direction comes Apecoin (APE) which rises 4% to US$ 4.14 and Axie Infinity (AXS) also appreciated 4% to US$ 8.95. Those suffering the most losses are Kava (KAVA) which depreciates 5.5% on the day at US$0.86 and Celo (CELO) falling 4.3% at US$0.62.

The market anxiously awaits the last meeting of the Federal Reserve, the FOMC, which will give a taste of how monetary policy in the United States should be handled by the end of the year.

The dominance of Bitcoin and Ether among cryptoactive are respectively 38.4% and 18%. The market is still well divided between those who are long and those who are short in Bitcoin.

Source: Moneytimes

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