{"id":565384,"date":"2021-01-17T13:47:01","date_gmt":"2021-01-17T10:47:01","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565384"},"modified":"2021-01-17T13:47:01","modified_gmt":"2021-01-17T10:47:01","slug":"crypto-fear-greed-index-drops-below-80-the-first-time-since-nov-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/crypto-fear-greed-index-drops-below-80-the-first-time-since-nov-2020\/","title":{"rendered":"Crypto Fear\/Greed Index Drops Below 80, the First Time Since Nov. 2020"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>The Crypto Fear and Greed index has dropped below 80 for the first time since November 5th, 2020<\/strong><\/li>\n<li><strong>It had more or less plateaued above this value for close to 2.5 months<\/strong><\/li>\n<li><strong>A drop in the index could be the first signs of a Bitcoin and Crypto market cool-off<\/strong><\/li>\n<li><strong>Bitcoin faces the weekly close that could see the crucial $30k support tested once again<\/strong><\/li>\n<\/ul>\n<p>The Crypto and Fear index has dropped below 80 for the first time <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-regains-23k-as-crypto-fear-greed-index-plateaus-above-90\/\" target=\"_blank\" rel=\"noopener\">since November 5th<\/a>, 2020. At the time of writing, the Crypto and Fear index is currently at 79 after plateauing above 80 for close to two and a half months. Below is a screenshot of <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"nofollow noopener\">the current level<\/a> of the Crypto and Fear index.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th.jpg\"><img class=\"aligncenter size-full wp-image-565386\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th.jpg\" alt=\"\" width=\"767\" height=\"345\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th.jpg 767w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th-300x135.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th-500x225.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th-240x108.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Crypto-and-Fear-index-jan-17th-717x323.jpg 717w\" sizes=\"(max-width: 767px) 100vw, 767px\" title=\"\"><\/a><\/p>\n<h2>A Drop Could Signal a Bitcoin and Crypto Wide Cool-off<\/h2>\n<p>As earlier mentioned, the last time the Crypto and Fear index was below this level was on November 5th, 2020. Checking the Bitcoin chart, the latter date was when the $14k price ceiling was confidently broken and BTC went on to break its <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-breaks-its-20k-all-time-high-sets-its-eyes-higher\/\" target=\"_blank\" rel=\"noopener\">previous all-time high of $20k<\/a> on December 16th.<\/p>\n<p>The Fear and Greed index would go on to stay high till January 13th when it dropped to 78. January 13th is exactly two days after Bitcoin fell hard by over 26% to the crucial <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoins-30k-32k-level-should-hold-due-to-institutional-investors\/\" target=\"_blank\" rel=\"noopener\">$32k &#8211; $30k support zone<\/a>. The chart below of the Fear and Greed index further provides a visual cue of the current situation.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th.jpg\"><img class=\"aligncenter size-large wp-image-565387\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-1024x450.jpg\" alt=\"\" width=\"1024\" height=\"450\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-1024x450.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-300x132.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-770x338.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-500x220.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-240x105.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th-717x315.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Chart-of-Fear-and-Greed-Jan-17th.jpg 1142w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<p>The drop below the 80 value could be the first signs of a Bitcoin and crypto-wide cool off. At the time of writing, Bitcoin is trading at $34,800 in what looks like a fierce battle to maintain the $35k price level as support.<\/p>\n<p>Bitcoin is generally exhibiting a level of weakness that could cause a drop back to the $30k support zone during today&#8217;s weekly close. As is usually the case, the fate of all altcoins such as Ethereum and <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-sets-new-all-time-high-of-21-45-hints-at-going-higher\/\" target=\"_blank\" rel=\"noopener\">Chainlink<\/a> is very much tied to the stability of Bitcoin. Therefore, if BTC loses this crucial support zone, altcoins will suffer a similar fate in terms of losing value <a href=\"https:\/\/en.ethereumworldnews.com\/bloomberg-report-50k-may-be-bitcoins-next-stop-with-a-base-at-20k\/\" target=\"_blank\" rel=\"noopener\">as Bitcoin corrects<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: The Crypto Fear and Greed index has dropped below 80 for the first time since November 5th, 2020 It had more or less plateaued above this value for close to 2.5 months A drop in the index could be the first signs of a Bitcoin and Crypto market cool-off Bitcoin faces the weekly close that could see the crucial $30k support tested once again The Crypto and Fear index has dropped below 80 for the first time since [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":565385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,825],"tags":[163,1233,108222,83],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565384"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565384"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/565385"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}