CandleFocus Bitcoin Fear & Greed Index Signals Fear: Details
2024-10-05
Author: Content Editor
The Bitcoin Fear & Greed Index dropped to the "fear" zone on Friday but has since showed signs of recovery, staying in the neutral zone. Bitcoin experienced a 1.15% increase and reached a trading price of $62,222. The cryptocurrency surged 3% on Friday due to a strong US jobs report that signaled a robust economy and lessened the likelihood of aggressive rate cuts by the Federal Reserve. BlackRock was the only asset manager to buy Bitcoin during this period, while other major funds sold significant amounts of BTC.
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