• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Crypto

Losses Dominate Crypto Over The Weekend, Has The Bear Market Returned?

Best Owie by Best Owie
1 month ago
in Crypto
Reading Time: 3 mins read

The crypto market was hit hard during the weekend as prices from Bitcoin to altcoins fell rapidly. During this time, there was also a decline in the trading volume and momentum in the market, which was partly responsible for the losses recorded. Now, with the new week, there is still a lot of skepticism in the market as Bitcoin’s decline below $30,000 could mean that the bear market is back in full force.

Crypto Fear & Greed Index Remains Neutral

One thing that highlights how investors are feeling when it comes to the market is the Crypto Fear & Greed Index. This index takes into account things such as social media sentiment, market momentum, volatility, etc, and with this, it provides a score based on a 1-100 scale.

Related Reading: Arbitrum Defies Bears As ARB Price Breaks Above $1.7 Resistance, But Can It Keep Up?

Now, on this index, 1-25 marks extreme fear, which is when investors are very wary of the market. 26-50 is the fear territory but with less wariness from investors. 51-75 is greed, a region that shows investors are more likely to invest in the market. And finally, 76-100 is extreme greed when the euphoria is the highest in the market, usually seen in bull markets.

However, the 48-52 levels are usually reserved for the ‘neutral’ level which is where the index currently sits. At this level, investors are usually reeling from a price surge or crash, and it shows an unwillingness to make any further moves until there is a better-defined movement in the market.

Crypto Fear & Greed Index

Fear & Greed Index returns to neutral | Source: alternative.me

If the index continues to maintain its neutral territory, then the crypto market may see prices consolidate for a while until investors are confident enough again to start getting back into the market.

Could The Bear Market Be In Full Bloom?

Presently, the crypto market is still seeing sideways movement rather than a definite upward or downward movement. This only shows a lack of interest in the market right now and not a continuation of the bear trend of 2022.

Crypto total market cap chart from TradingView.com

Total market cap takes a hit during the weekend | Source: Crypto Total Market Cap on TradingView.com

Moreover, the total crypto market cap is still holding above $1 trillion which is a good sign for the market. Usually, a return to the bear market would see the total market cap fall below $1 trillion, and this would only happen if BTC were to fall below $20,000 once more.

Related Reading: Bitcoin At $25,000 Or $30,000? Crypto Analyst Weighs In

Unless such a market cap is experienced, the current trend only signals a correction from the run-up to $30,000. Also, as long as BTC continues to maintain firmly above its 200-day moving average, the bull trend is still sustained on a long-term basis.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Twitter, chart from TradingView.com
Tags: Bear marketbitcoinbitcoin pricecryptocryptocurrencies
Tweet123Share196ShareSend
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors. Best is a true professional in every sense of the word with an exceptional dedication to producing high-quality work.

Related Posts

European Commission To Present Regulatory Framework For Digital Euro In June

European Commission To Present Regulatory Framework For Digital Euro In June

22 hours ago
Tornado Cash

Tornado Cash (TORN) Suffers 27% Drop As Hackers Strike

1 week ago
Internet Computer

Internet Computer (ICP) Dips, Will Bearish Momentum Persist?

2 weeks ago
Ripple CTO Addresses Controversy Surrounding BitBoy's BEN Token Sell-Off

Ripple CTO Addresses Controversy Surrounding BitBoy’s BEN Token Sell-Off

2 weeks ago
France Regulator Welcomes Crypto Firms Fleeing U.S

French Regulator Extends Open Arms to Fleeing U.S. Crypto Firms

2 weeks ago
Japan Loses 30% Of Total Crypto Hacks In North Korea, Elliptic Reports

Japan Loses 30% Of Total Crypto Hacks In North Korea, Elliptic Reports

2 weeks ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • Traders Union published the list of Best Forex Brokers in...

    1 hour ago
  • Coinbase battles with SEC users are moving to Tradecurve

    3 hours ago
  • Cardano to hit 1$, Floki inu braces for price breakout and...

    3 hours ago
  • Ben Token Breaks $100 Million Market Cap, Could it Make it...

    3 hours ago
  • How Dogecoin, Pepe Coin, And DogeMiyagi Use Humour to Drive...

    3 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.