Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives

Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives


Making its way up to the higher levels of its current range, Bitcoin records a 5.6% profit in 24 hours. BTC’s price took a heavy loss, as the implementation of its legal tender status in El Salvador became a “buy the rumor, sell the news” event.

At the time of writing, the first cryptocurrency by market cap trades at $46,529 with an 11.8% loss in the 7-day chart.

BTC with moderate profits in the daily chart. Source: BTCUSD Tradingview

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Previous to this event, Bitcoin made a quick move to the $52,000 zone. This moved the Fear & Greed Index back to the green area, as the general sentiment in the market turned bullish.

Related Reading | TA: Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $46K

According to a recent Arcane Research report, the Index has flipped red, back to fear levels once again. Bitcoin has experienced a week of volatility, mostly to the upside, but the violent

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