The Crypto Fear and Greed Index, which tracks the spirit of the overall Crypto market, remains in the “greed” region despite growing geopolitical stresses after starting a series of air strikes on Iran.
Index Posted A score of 60 in your Sunday update, maintaining its position in the greed area despite bitcoin (BTC) On Friday, it fell 2.8% to $ 103,000. After this, there were reportedly explosions 22:50 heard in Tehran on UTC on ThursdayFor which Israel claimed responsibility. Iran reportedly Counterinsurgency On Friday night with “dozens of ballistic missiles”.
On Thursday, the greed score of the index 71 was conducting.
Bitcoin was near all-time high
The price of bitcoin declined as it was getting closer to maintaining a high level of all time of $ 111,970 on 22 May. At the time of publication, Bitcoin is trading at $ 105,670, According For coinmarketcap.
Ether (ET), Meanwhile, the same period fell 10.79% to a low of $ 2,454 before recovering by $ 2,534 at the time of publication.
The participants of the Crypto market told the relative strength of bitcoin that given the circumstances. Crypto analyst Za Said In Saturday’s X post, “Bitcoin is not worried about Israel and Iran Sangharsh (yet).”
“There is no better indicator than bitcoin, which in my opinion, it makes it remarkable,” Za said.
Crypto entrepreneur anthony pumpino Said In a post on the same day, “bitcoin is tireless.”
Traders are confident that this psychologist will remain above the $ 100,000 price level, which was rebuilt on May 8 for the first time in three months. A drop below this price level can put a drop in the risk of liquidation in more than $ 1.74 billion, According For data from coinglass.
Meanwhile, the spot bitcoin exchange-traded fund (ETF) posted a direct week for the trading week ended on Friday, deposited $ 1.37 billion in the flow in five days, According For data.
However, Spot Ether ETFS ended its 19-day flow streak with NET on Friday Flow $ 2.1 million.
Bitcoin decreases after Iran’s attack in April 2024
After the air strike on Friday, the fall in the price of bitcoin was less serious than in April 2024, when Iran Started an unprecedented direct attack On Israel.
Connected: Bitcoin bulls are moving back as BTC flirt with $ 112K
Strike, which was an anti -counter Iranian against Israeli bombing The embassy in Damascus sent the price of BTC 8.4% on April 13, 2024.
Although the index recorded a “greed” score of 72 on the same day, it fell on the “fear” score of 43 by May 2, 2024.
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