Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOne day, $860 million more crypto liquidations
April’s consumer price index (CPI) print has sent the pair into a fresh tailspin, with $30,000 giving way to levels not seen since July 2021.
As turmoil over Terra, its LUNA and TerraUSD (UST) tokens and co-founder Do Kwon continued, the mood remained firmly wary. The Crypto Fear & Greed Index measured sentiment with a normalized score of 10/100 on May 10, one of the lowest ever recorded.
Crypto Fear & Greed Index (screenshot). Source: