Fear and Greed Index Neutral in the Middle East Conflict
The Fear and Greed index of the crypto market shows a score of 50, which means neutral. Meanwhile, in the Middle East, tensions are rising between Iran and Israel.
More specifically, during this geopolitical event, Bitcoin (BTC) experienced a drop to the level of US$103 thousand. This indicates that the majority of market participants are not withdrawing their funds from the crypto market.
Thus, the price movement of Bitcoin seems to be not heavily affected by this event. Therefore, this largest crypto asset is now more stable compared to its initial emergence.
For your information, Iran retaliated on Friday (13/06) after Israel attacked the Natanz nuclear facility in Tehran, Iran.
