Market sentiment has seen a significant shift within just two weeks. In late March, the index flashed"greed" for the first time in four months after the flagship cryptocurrency reached a new 2022 high of $48,234.for the first time since March 16 amid worries that the U.S. Federal Reserve has adopted an even more aggressive monetary tightening policy to deal with high inflation.
There is a group of contrarian traders and investors who tend to buy fear, defying overall market sentiment. Legendary investor Warren Buffett once said that one should be greedy when others are fearful. However, the"buy low, sell high" mentality does not always work out as planned in crypto. Dip-buying can often backfire since traders may simply end up catching a falling knife.
No matter how low Bitcoin goes, one should keep in mind that it could always go lower in a"max pain" scenario. There have been several occasions when the index plunged below 10 after brutal selloffs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin 2022 loses some evangelical luster as crypto goes mainstreamFEATURE: Bitcoin 2022 loses some evangelical luster as crypto goes mainstream by AislinnKeely This is not a Bull it is a Steer. A Bull has balls this has none so.....it is a Steer. A Steer market? Who wasted a crap load of money on this thing I mean really!
Source: TheBlock__ - 🏆 464. / 53 Read more »
Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees – Exchanges Bitcoin NewsAs the global crypto community has supported humanitarian efforts in Ukraine, two crypto exchanges are looking to help Ukrainian refugees. What do you think about Bitcoin state at the moment, because its Fear and Greed index is 50 - NEUTRAL with price of 40211.231918975346 usd? Our analytical team has done detailed BTC research, but we want to hear your opinion too. Is it possible to somehow reduce the fees? It's a nobel thing to do!
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Slides To 3-Week Low After ‘Crypto Coachella’ Fails To Impress InvestorsI report on cryptocurrencies and other applications of blockchain technology. I also edit the weekly Forbes Crypto Confidential newsletter and contribute to our premium research service Forbes CryptoAsset & Blockchain Advisor. A Russia native, I am a graduate of NYU Abu Dhabi and Columbia University's Graduate School of Journalism. Help me get rich? 🤩🤩🤩❤❤😍😍❤❤🤩🤩🤩 We will hopefully have enough meme power to put us in a good path to the moon
Source: Forbes - 🏆 394. / 53 Read more »