Due to the severe Crypto market crash today, the fear and greed index has reached almost 11. And today’s market crash had brought extreme fear to the mind of investors.
If you don’t know what is Fear and Greed Index(Crypto News Today) is, then read this. Each day, emotions and sentiments are analyzed from different sources and crunched into one simple number: The Fear & Greed Index for Bitcoin and other large cryptocurrencies.
The value of BTC has reached below $24,0000. And the value of the cryptocurrency Global market value fell below $1 trillion for the first time this year. Today bitcoin, was down more than 10 percent on the day, falling to an 18-month low of $23,570. It is down by around 50 percent so far this year. It has dropped more than 20 percent over the weekend, with its market cap slipping below $500 billion or half a trillion.
Want to start your journey in blockchain and investing? Read this short guide on Blockchain Technology to get started. Read Here.
According to the site CoinMarketCap, the value has reached almost $926 Billion from $2.9 Trillion. But this brings us to a doubt that the markets are at extreme low positions. So, is this the right time to invest in the medium to long-term? For long-term investors, it could be the best time to invest but let’s see the depth of the market. How much low it can go?
Experts say that prices of other coins are also expected to fall further. Let’s wait for further updates!
Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of CoinMarketCity.