The Crypto Fear & Greed Index has taken a sharp turn from “Greed” to “Fear” this week, plummeting from 55 to 26 as Bitcoin’s price slipped below $58,000. This shift reflects the growing concerns among investors and traders about Bitcoin’s current market dynamics. The Crypto Fear & Greed Index has shifted from “Greed” to “Fear” this week, dropping from 55 to 26 as #Bitcoin falls below $58K. pic.twitter.com/rpMrlDoE3J — CoinGecko (@coingecko) September 2, 2024 One of the key reasons for Bitcoin’s struggle to reach new highs is the large number of traders who bought into the cryptocurrency between $61,700 and
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