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Bitcoin Markets Worried About Fed Meeting

The Bitcoin market has entered “extreme fear” territory as the Federal Reserve prepares to meet on Wednesday to decide on its next move regarding quantitative and interest rate easing. BTC is trading at around $48,000 at press time, nearly 30% below its November all-time high of $69,000.

The Fear and Greed Index analyzes market sentiment and sentiment from various sources to come up with a number between 0 and 100. The closer the indicator is to its lower limit, the more fearful the market is at the moment. The opposite is true for greed, when people start buying bitcoin out of fear of missing out (FOMO). The index is currently at 16, indicating extreme fear.

https://bitcoinmagazine.com/markets/bitcoin-market-fearful-of-fed-meeting Bitcoin Markets Worried About Fed Meeting

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