The price of Bitcoin has dropped to $95,000 after attempting to reclaim the $100,000 level. This has led to a surge in fear, uncertainty, and doubt (FUD) among traders, with negative sentiment surpassing positive sentiment on social media. However, historical data suggests that extreme negativity often precedes significant price surges, giving hope for a potential bullish recovery. The drop in the overall market fear and greed index to a neutral point also indicates a decrease in greed among investors. At present, Bitcoin is trading around $96,500, with a 2.5% loss over the past 24 hours.
- Content Editor ( coinedition.com )
- 2024-12-22
Bitcoin FUD Hits Highest Point of the Year: What Does This Mean BTC Bull Run?