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The Bitcoin Fear & Greed Index has issued its first bullish signal of the year
The Bitcoin Fear & Greed Index has provided the year’s first optimistic signal.
Following a tumultuous first half of the week, support from the NASDAQ 100 provided a much-needed lift to Bitcoin (BTC) and the broader crypto market late Thursday. Another Tech stock boom occurred on Friday, with Bitcoin recovering from $36,200 levels on Thursday to close the day at $41,000.
Bitcoin gained 11.41 percent on Friday, finishing the day at $41,590.
Following a rocky first half of the week, late Thursday’s support from the NASDAQ 100 delivered a much-needed boost to Bitcoin (BTC) and the larger crypto market. On Friday, Bitcoin recovered from $36,200 levels on Thursday to conclude the day at $41,000, resulting in another Tech stock surge.
Bitcoin rose 11.41 percent on Friday, closing at $41,590.
The Bitcoin Fear & Greed Index
The Bitcoin Fear & Greed Index increased from 20/100 to 33/100 as a result of Friday’s Bitcoin rise. It was the first advance out of the red zone since the Index peaked at 41/100 on December 28th. Bitcoin’s fall from an all-time high of $68,979 in November to sub-$33,000 levels has left the Index at a January low of 8/100. The return to the orange zone…
