Fear and Greed Index
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- In the news by CryptoPotatoBitcoin hits three-month low as fear index drops to 20 amid inflation and Fed worries
Recent news
Bitcoin hits three-month low as fear index drops to 20 amid inflation and Fed worries
Bitcoin dipped to around $67,600, a three-month low, before trading near $69,300, a 10% weekly decline. The Fear and Greed Index fell to 20, entering extreme fear and its lowest reading since early June. The sell-off followed higher-than-expected US inflation, which raises the chance of a Fed rate hike next month, and a slump in Nvidia shares after CEO Jensen Huang resigned amid an extramarital affairs scandal. Merlijn The Trader argued Bitcoin is mirroring its 2022-2023 price path, while whales sold 34,000 BTC in a week and spot BTC ETFs recorded heavy outflows.