Crypto Market Sentiment Recovers as Fear and Greed Index Reaches 40
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Sentiment Shift: The Crypto Fear and Greed Index has transitioned from 'extreme fear' to a neutral score of 40 for the first time since October, indicating a cautious optimism among investors despite ongoing geopolitical uncertainties.
- Market Volatility: Following a plunge to a low of 10 in November, the index reflects a rebound in market sentiment, suggesting that investors are cautiously assessing the volatility triggered by macroeconomic disruptions and security concerns.
- Bitcoin Resilience: Despite geopolitical tensions, including a U.S. strike on Venezuela, Bitcoin's price has remained above $91,000, demonstrating its resilience as a risk-on asset that is less affected by traditional risk-off reactions.
- Altcoin Crisis: In stark contrast, altcoins faced severe declines, with their total market capitalization dropping approximately 33% in a single day, highlighting the heightened volatility in this sector and the need for investors to closely monitor market developments for future trends.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
