Crypto Fear & Greed Index Hits 100-Day Low As Bitcoin Price Struggles

The Crypto Fear & Greed Index hit a 100-day low as Bitcoin struggled to maintain prices post the approval of spot ETFs in the U.S.

On Jan 24, the index dropped to 48, signaling a shift to 'Neutral' sentiment

The current score of 48 is the lowest in 100 days, dating back to Oct 16, 2023, when Bitcoin was trading above $28,500

The Crypto Fear & Greed Index evaluates sentiment using six key indicators: volatility, market momentum, social media, surveys, Bitcoin’s dominance, and trends

Bitcoin reached a two-year high of nearly $47,000 on Jan 8, pre-spot Bitcoin ETF approvals

However, post-approval, its price declined below $40,000 as the Grayscale Bitcoin Trust experienced significant outflows.