NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Crypto Fear Reaches Six-Month Peak: Time To Buy Bitcoin?

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 7:05 am
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Fear in the crypto market is now the highest it has been in the last six months, suggesting that now may be the time to buy Bitcoin.

Crypto Fear And Greed Index Shows Lowest Value In Six Months

As per the latest weekly report from Arcane Research, the fear and greed index reached the lowest values this week since July.

The “fear and greed index” is an indicator that measures the general sentiment around the Bitcoin and wider crypto market.

The metric uses a numeric scale that goes from zero to hundred for representing the sentiment. When the values are below fifty, it means the market is currently fearful.

On the other hand, values above fifty imply that the market has become greedy. Extreme values of below 25 and above 75 signify sentiments of extreme fear and extreme greed, respectively.

Such extreme values usually occur around bottoms and tops. Hence, some traders believe it’s best to sell during extreme greed and buy more crypto like Bitcoin while the sentiment is that of extreme fear.

Warren Buffet believed in this idea, as suggested by a famous quote of his: “be fearful when others are greedy, and greedy when others are fearful.”

Baron Rothschild is believed to be one of the earliest of traders to follow this philosophy. He said “the time to buy is when there’s blood in the streets.”

Related Reading | SOPR Shows Bitcoin Holders Continue To Sell At A Loss, Similar To May-June 2021

Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year:

Bitcoin Fear And Greed Index

Looks like the value of the indicator is very low at the moment | Source: The Arcane Research Weekly Update - Week 1

As you can see in the above graph, the crypto market sentiment seems to be that of extreme fear at the moment. Currently, the value of the indicator looks to be around 21.

Earlier in the week, the fear and greed values were even less, reaching the same lows as the ones seen back in July. The price of Bitcoin also bottomed around then.

Related Reading | ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction

However, it doesn’t mean a bottom will necessarily follow this time as well. Before the July bottom, such extreme fear values persisted for a few months, which may also be the case this time.

Nonetheless, if the contrarian buying philosophy is anything to go by, now might be a good time to pack up on more crypto.

Bitcoin Price

At the time of writing, BTC’s price floats around $42.8k, down 8% in the last week. The below chart shows the trend in the price of the crypto over the past five days.

Bitcoin Price Chart

BTC's price shows some uptrend | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Hyper Whale Buy Fuels 1000x Talk As Presale Nears Finish

Bitcoin Hyper Whale Buy Fuels 1000x Talk As Presale Nears Finish

What to Know: A single $HYPER purchase of $502.6K added credible whale validation to a late-stage presale narrative. Bitcoin Hyper...

Aaron Walker 2 hours ago
Crypto price news

Crypto On Alert: Raoul Pal Hints At Macro Twist Post-US Govt Shutdown

As the latest US government shutdown ends and markets refocus on macro plumbing, Raoul Pal has sketched out a strikingly...

Jake Simmons 2 hours ago

Bitcoin Hyper: un Layer-2 su Bitcoin che punta a cambiare il futuro di BTC

Secondo NewsBTC, Bitcoin Hyper (HYPER) è uno dei progetti più ambiziosi nell’ambito delle presale crypto del 2025. La proposta è...

Orfeo Barone 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana CEO over Bitcoin

Solana CEO: SOL heeft de meeste potentie als Bitcoin sidechain

robertbemelmans 6 minutes ago
Bitcoin cena

Bitcoin cena pod 80.000 – Kam se usmerjajo vlagatelji?

tanjapotocnik 55 minutes ago
Bitcoin

Why Are The Bitcoin, Ethereum, And Dogecoin Prices Down Again?

Scott Matherson 56 minutes ago

Premium Sponsors

Press Releases

  • イーサリアム...

    2 hours ago
  • 仮想通貨おすすめ:ビットコインが半年ぶり安値の今、注目すべき銘柄とは

    ...

    2 hours ago
  • ドージコイン 今後:大型ミーム資産の影が広がる中、実用性重視の新モデルが台頭する可能性

    ドージコイン...

    2 hours ago
  • リップル 今後:米国初のスポットXRP ETFが上場、開始30分で2,600万ドルの取引高を記録

    リップル 今後:米国初のスポットXRP...

    3 hours ago
  • 仮想通貨プレセール:Bitwise幹部が示す2026年強気要因と注目すべき銘柄

    ...

    4 hours ago

Newsletter

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.