From January To March, The Crypto Fear And Greed Index Swings From 25 To 62 And Then Back To 33. Where Are We Heading Now?

After some turbulent months of ups and downs the crypto fear and greed index have made some big swings. In this post the crypto fear and greed index will be analyzed for 2023.

For the people that are not familiar with the crypto fear and greed index:

The fear and greed index is a metric that measures the (emotional) sentiment of the market. The score goes from 0 to 100. A score closer to zero means that the market is in extreme fear and a score closer to hundred indicates that the market is in extreme greed. The score is determined by the following aspects: Volatility, Market Momentum/Volume, Social Media, Surveys, Dominance and Trends.

The crypto fear and greed index right now:

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The crypto fear and greed index is at 33 on the 11th of March 2023

Today on the 11th of March we hit a score of 33, which indicates that the market sentiment is in fear. This has all to do with the recent turmoil in the market.

The crypto fear and greed index in the past month:

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The crypto fear and greed index in the past month

In the past month we had hit a score of 62 on February the 16th. From that day the score has steadily declining until March the 8th. The days after the 8th of March the score took a plunge due to the banking problems and the effects on USDC and other stablecoins. Also the SEC actions took a role in the current market sentiment.

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The crypto fear and greed index in the past 3 months:

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The crypto fear and greed index in the past 3 months

In this graph we can see that on January the 11th we started an uptrend with the small uprise in crypto. The score on that day was 26. After that day there was a steady increase in the crypto fear and greed score until the 8th of March. Next the plunge started mentioned in the previous graph.

What to expect now?

In my opinion it all depends on the effect on the current banking crisis. The real consequences for the failing of Silvergate and SVB is still unknown. Also it will be interesting to see if more banks are in trouble. In the upcoming weeks we will know more for sure.

Also we have to wait on what the SEC will do with all their plans and regulations in the crypto industry.

Source: https://alternative.me/crypto/fear-and-greed-index/