The Crypto Fear and Greed Index has fallen back to “neutral” for the first time since October last year, despite the launch of spot Bitcoin ETFs in the United States only days earlier.
The Crypto Fear and Greed Index has just plunged back to “neutral” levels — last seen in October 2023 — and just days after the historic approval of spot Bitcoin ETFs in the United States.
According to the index, Bitcoin’s market sentiment score currently rests at 52 out of a possible 100 — its lowest score since Oct. 19 last year, when Bitcoin traded for an average daily price of roughly $31,000.
The switch comes less than a week after the Crypto Fear and Greed Index briefly tipped into “extreme greed” score of 76, when the market was anticipating the approval of spot Bitcoin ETFs.
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Source: https://cointelegraph.com/news/bitcoin-fear-greed-index-plummets-neutral-etf-fails-price