$BTC #sevenstarcfi 🥺Crypto Sentiment Index Drops to October Levels as Bitcoin Drops Below $92K👀
The market sentiment index has not been in “neutral” territory since October 14, when Bitcoin was trading at around $63K.
Crypto Fear and Greed Index — a gauge of Bitcoin and broader crypto market sentiment — dropped 19 points in a single day to its lowest score since October 14.
The drop to a score of 50 out of 100 is one of the largest daily drops for the index in the past few years — sending market sentiment back into “neutral” territory after three months in the “extremely greedy” and “greedy” zones.
Federal Reserve, Markets, Department of Justice, Donald Trump, Bitcoin ETF
Change in cryptocurrency fear and greed index score over the past day. Source: Alternative.me
This comes as Bitcoin fell below $92,000 on January 9, amid a report that the US Department of Justice has been given the green light to sell $6.5 billion of the 198,000 bitcoins seized from Silk Road — though none have been sold yet.