Bitcoin increase in the first month of 2023 shifts the Crypto Fear Index from Extreme Fear to Greed market tactualizations

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Von: Krypto News Österreich

Bitcoin anxiety in the first month of 2023 shifts the crypto-attachment index of

last month showed statistics that the Crypto Fear and Greed Index (CFGI) had a score of 25, which indicates "extreme fear". Thirty days later, with an increase in Bitcoin prices by 39 % compared to the US dollar, the current CFGI score on January 30, 2023 is 61, which "greed" reflects.

Crypto Fear Index jumps on "greed", market analyst from Etoro attributes the increase in Bitcoin to a shift in investor expectations

Show records bitcoin (btc) in the first month of 2023 a significant increase in value with an increase of 39 % compared to the US dollar. On January 29, 2023, Bitcoin reached a 30-tage high of 23.954 per unit, whereby the prices in the last 24 hours from this value up to one Deep from $ 22,988. This increase has significantly increased Crypto Fear and greed index (cfgi) hosted on alternative.me and in the course of the month from the zone "Extreme Fear" in the area "Greed" moved.

Last week, CFGI recordings showed a score of around 50, according to Alternative, which means "neutral". Seven days later, the CFGI score rose to 61, which means "greed". The website states that if crypto investors become too greedy, this signals that the market is due for a correction. The CFGI score has been over the neutral area of ​​50 since January 23, 2023 after spending a considerable time below 45 before January 14, 2023. On Monday, bitcoin (btc) The prices weakened compared to the US dollar, since dealers win.

Chart of Crypto Fear and Greed Index (CFGI) from January 30th) 2023.

In a message sent to Bitcoin.com News, the market analyst of Etoro, Simon Peters, led the stop of the crypto price declines to change the investor expectations in terms of inflation and inflation interest rate increases from the Federal Reserve. Peters also pointed out that the financial institution Goldman Sachs had "published a positive note on Bitcoin", by referring to A Recently published and shows that Bitcoin exceeds all other important asset classes, including gold, real estate and emerging countries.

"Bitcoin has developed very well in 2023 and has risen by almost 43 % on the Etoro platform since January 1. Since the low last year-$ 15,523-on November 9th, it has increased by a little more than 50 %," wrote Peters. "Since the inflation and interest expectations are now reversed, most investment classes have stopped the declines observed in 2022, as investors begin to think about" where next "for their portfolios after the interest rate crash from 2022," added the market analyst from Etoro.

What do you think is the increase in Bitcoin prices and the shift of the Crypto Fear and Greed Index in the direction of "greed"? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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