The Bitcoin Fear and Greed Index continues to sit in the fear zone, indicating growing investor caution towards the world’s largest cryptocurrency.
Fear and Greed Index in Fear Zone
The index currently shows 32, indicating the presence of fear in the market. Last week, it shifted from neutral to fear, dropping from 49 to 46.
Reasons for Bitcoin's Price Fluctuations
Following the Fed’s decision to keep interest rates unchanged, Bitcoin continues to trade in the $84,000 range, showing an almost 3% decline since March 20.
Growth in Interest for Bitcoin ETFs
This week, Bitcoin ETFs observed inflows nearing $800 million, with $744.3 million remaining after minor outflows. BlackRock’s IBIT absorbed the most funds, confirming its leadership.
Despite the current market situation, the Fear and Greed Index might serve as a signal for potential entry points, while ETF activity highlights ongoing institutional investor interest.
