BlocksInform
Bitcoin fear and index of covetousness.
This occurred after a bearish market that lasted for months and an unusual price stability at the end of last year, when the asset was left powerless under the $17,000 mark. However, as might be expected, the rise in prices captured retailers' attention.
This came after a bearish market of several months and unusual price stability at the end of last year, when assets found themselves powerless under the $17,000 mark. Back at it
2022 turned out to be one of the worst years for bitcoin in terms of price action, with the asset ultimately losing roughly 65% of its USD value by the end of it. There were many reasons why this massive decline occurred. Some included macroeconomic issues, such as the galloping inflation, but also the industry collapses of former giants like Terra and FTX harmed all participants.
Also the collapses of the industry of ancient giants like terra and ftx have harmed all participants. Bitcoin had under-priced $17,000 in late 2022, and the first week of 2023 saw its inability to overcome this level. Just the opposite, it skyrocketed to roughly $23,000 by the end of January, marking its best month in over a year.
On the contrary, it soared to about $23,000 in late January, its best month in more than a year. However, this eventually occurred on January 9, and the BTC never backed down.
Its latest tweet reads that addresses holding up to 0.1 BTC had stalled in 2022 but shot up in numbers amid the rally, growing by 620,000.
?? There have been ~620k small #Bitcoin addresses that have popped back up on the network since #FOMO returned on January 13th when price regained $20k. These 0.1 $BTC or less addresses grew slowly in 2022, but 2023 is showing a return of trader optimism. https://t.co/CUAS0nV23x pic.twitter.com/wo8NBDNXs3
— Santiment (@santimentfeed) We had about 620 children.
Greed Back in Town
Another natural development that resulted from the price surge was the change in the Fear and Greed Index. The metric, which shows the investors’ general feelings towards the primary cryptocurrency, went into greed territory for the first time in ten months just recently, as CryptoPotato reported.
Https://t. co/cuas0nv23x pic.twitter.com/wo8nbdnxs3— health (@santimentfeed) Feb. 6, Another natural development resulting from soaring prices has been the change in the index of fear and greed.
