For the first time since May 12th, the well-known cryptocurrency market Fear and Greed Index is in the neutral zone. It was previously in an extended state of fear or extreme fear.
Bitcoin Fear and Greed Index Turns Neutral
It is obvious that the cryptocurrency market, as well as other markets, is very emotional. People tend to be greedy when prices rise, and vice versa when markets fall.
Market sentiment is an important aspect to keep an eye on when making investment or trading decisions.
The Fear and Greed Index . is a tool that measures the current sentiment in the cryptocurrency market. It takes data from many sources including volatility, market momentum and volume.
At the time of this writing, the index is in a neutral state, which hasn’t been the case since May 12th this year. Since that date, fear has been the dominant sentiment. This can be explained by decreasing prices, stagnation and indecisiveness.
Chart by Alternative.me
What does this mean for the Bitcoin price?
The Fear and Greed Index that we are using for this report measures sentiment only for Bitcoin and not for the rest of cryptocurrency markets.
Despite this, the sentiment is neutral at the moment, which indicates indecisiveness. The index indicates that investors are still searching for clarity.
As CryptoPotato recently reported, BTC is still facing serious resistance at the $40,500 mark. Here is where you can see a convergence of technical indicators, such as the bearish. 382 Fib level and the 100-day moving average. This is the first major obstacle to cryptocurrency.
When the index is in extreme fear it usually indicates a buying opportunity. When it’s feeling greedy it usually means it’s time to sell. It’s best to wait for direction confirmations if the index is neutral.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Medtech Firm Semler Scientific Buys Another $10M in Bitcoin
Medical technology company Semler Scientific announced the acquisition of 111 more bitcoins for $10 million between February 14 and April 24, 2025. The acquisition brought Semler Scientific’s holdings to 3,303 bitcoins. Semler Scientific BTC Holdings Acquired for an Average of $87,929 per Coin Semler Scientific (Nasdaq: SMLR… Read More
A local news outlet reports that two individuals tied to a South American theft ring were apprehended in Los Angeles after allegedly stealing $4 million in goods, including $2.7 million worth of application-specific integrated circuit (ASIC) bitcoin miners. From Tequila to Bitcoin Mining Rigs: LAPD Unravels Multi-Million Dollar Heist The Los Angeles Police Department (LAPD) […… Read More
Bitcoin Inches up to $95K, but Tariff Uncertainty Persists
The digital asset continued its upward trajectory on Friday, despite worries of how a drop in Chinese imports will impact the economy. Bitcoin Nears $95K Despite Trump Tariff Turbulence Some economists suggest President Donald Trump’s frequent last-minute trade policy reversals may have a more dire impact on the economy than his initial tariff announcements… Read More