The Crypto Fear & Greed index, which tracks the general sentiment of the cryptographic market, remained in the “greed” zone, despite the growing geopolitical tensions after Israel introduced a series of raids on Iran.
Index Published The result 60 in Sunday’s update, maintaining its position on the territory of greed, despite Bitcoin (BTC) falling on Friday 2.8% to USD 103,000. Explosion apparently heard in Tehran at 22:50 UTC on Thursday, for which Israel claims to be responsible. Apparently Iran revenge With “dozens of ballistic missiles” on Friday evening.
On Thursday, the index contained a grade of greed 71.
Bitcoin approached
Bitcoin’s decrease occurred when he approached the highest level of 22 May $ 111,970. At the time of publication, Bitcoin trades for USD 105,670, According to to Coinmarketcap.
Meanwhile, the ether (ETH) dropped by 10.79% in the same period to a low level of USD 2454 before recovering to USD 2534 at the time of publication.
Cryptographic market participants indicated the relative Bitcoin strength, taking into account the circumstances. Cryptographic analyst for he said In the Saturday post “Bitcoin does not seem concerned about the conflict of Israel and Iran (yet).”
“There is no better indicator than Bitcoin, which I think is noteworthy,” she said.
Crypt entrepreneur Anthony Pomplianiano he said In the post of the same day, “Bitcoin is relentless.”
Traders seem to be sure that he will remain above the psychological price level of $ 100,000, which he regained on May 8 for the first time in three months. A decrease below this price level can cause over $ 1.74 billion in long positions at risk of liquidation, According to For data from Kinglass.
Meanwhile, turnover funds from Bitcoin (ETF) published a uncomplicated influx of influx for a sales week ending on Friday, an influx of influx of $ 1.37 billion in five days, According to to distant data.
However, Etfe Spot Ether ended the 19-day flow of influx on Friday, with net drains $ 2.1 million.
Bitcoin drops less than after Iran’s attack in April 2024.
The decrease in Bitcoin prices after the raids on Friday was less earnest than in April 2024, when Iran began an unprecedented direct attack on Israel.
Related: Bitcoin Bulls roars as Flirty BTC with 112 thousand. USD
The strike, which was a retaliation against Israeli bombing of the Iranian embassy in Damascus, caused that the BTC price dropped by 8.4% on April 13, 2024.
Although the index recorded the “greed” result of 72 on the same day, it fell to the result of “fear” at level 43 to May 2, 2024.
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