Fear and Greed Index Crypto Neutral Amid Middle East Conflict
The Fear and Greed index of the crypto market shows a figure 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 decline to the level of US$103 thousand. This means that the majority of market participants did not withdraw their funds from the crypto market.
Thus, the price movement of Bitcoin seems to be not greatly affected by this event. Therefore, this largest crypto asset is now more stable compared to its initial emergence.
For information, Iran retaliated on Friday (13/06) after Israel attacked the Natanz nuclear facility in Tehran, Iran.
Image Source: Coinmarketcap