Crypto Fear and Greed Index Stays High as Bitcoin Resists
The post Crypto Fear and Greed Index Stays High as Bitcoin Resists appeared on BitcoinEthereumNews.com. Crypto Fear and Greed Index stays at 60, showing strong market sentiment amid the Iran-Israel conflict. Bitcoin holds firm above $100K despite geopolitical tensions and missile strikes. $1.37B flows into spot BTC ETFs while $1.74B in long positions remain exposed. The Crypto Fear & Greed Index has remained a beacon of investor optimism, registering a score of 60, well within the “greed” zonen while geopolitical tensions between Israel and Iran ran hot late last week. On Thursday, explosions reportedly rocked Tehran at 22:50 UTC, moments before Israel took credit for precision airstrikes. Iran retaliated on Friday evening with dozens of ballistic missiles. Even in light of this escalation, the market sentiment has only slightly cooled from Thursday’s “Greed” reading of 71. Bitcoin Remains Resilient Bitcoin (BTC) dipped briefly 2.8% from $105,455 to $103,000 in the wake of the turmoil before recovering slightly to $105,670 at writing, based on CoinMarketCap. The global top cryptocurrency is now trading less than 6% from its May 22 all-time high of $111,970. Notably, Bitcoin is 0.07% higher over the last week, with its amazing resilience in the face of increasing global tensions. Voices in the crypto market also reflected this, with analyst “Bitcoin does not seem concerned about the Israel and Iran conflict (yet).” Entrepreneur Anthony Pompliano also shared the optimism, proclaiming, “Bitcoin is relentless.” Market Confidence Still Strong The psychological $100,000 level seems to be a crucial support point. A fall below it might initiate liquidations on more than $1.74 billion in long positions, according to CoinGlass data. However, investor sentiment indicates sustained optimism, with most viewing prevailing volatility as temporary. In addition, spot Bitcoin ETFs recorded an entire week of inflows, taking in $1.37 billion in five days, Farside reports. This is in contrast to Ether (ETH), which broke its 19-day ETF inflow…
The post Crypto Fear and Greed Index Stays High as Bitcoin Resists appeared on BitcoinEthereumNews.com.
Crypto Fear and Greed Index stays at 60, showing strong market sentiment amid the Iran-Israel conflict. Bitcoin holds firm above $100K despite geopolitical tensions and missile strikes. $1.37B flows into spot BTC ETFs while $1.74B in long positions remain exposed. The Crypto Fear & Greed Index has remained a beacon of investor optimism, registering a score of 60, well within the “greed” zonen while geopolitical tensions between Israel and Iran ran hot late last week. On Thursday, explosions reportedly rocked Tehran at 22:50 UTC, moments before Israel took credit for precision airstrikes. Iran retaliated on Friday evening with dozens of ballistic missiles. Even in light of this escalation, the market sentiment has only slightly cooled from Thursday’s “Greed” reading of 71. Bitcoin Remains Resilient Bitcoin (BTC) dipped briefly 2.8% from $105,455 to $103,000 in the wake of the turmoil before recovering slightly to $105,670 at writing, based on CoinMarketCap. The global top cryptocurrency is now trading less than 6% from its May 22 all-time high of $111,970. Notably, Bitcoin is 0.07% higher over the last week, with its amazing resilience in the face of increasing global tensions. Voices in the crypto market also reflected this, with analyst “Bitcoin does not seem concerned about the Israel and Iran conflict (yet).” Entrepreneur Anthony Pompliano also shared the optimism, proclaiming, “Bitcoin is relentless.” Market Confidence Still Strong The psychological $100,000 level seems to be a crucial support point. A fall below it might initiate liquidations on more than $1.74 billion in long positions, according to CoinGlass data. However, investor sentiment indicates sustained optimism, with most viewing prevailing volatility as temporary. In addition, spot Bitcoin ETFs recorded an entire week of inflows, taking in $1.37 billion in five days, Farside reports. This is in contrast to Ether (ETH), which broke its 19-day ETF inflow…
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