Crypto Fear and Greed Index on Tuesday, September 6, 2022

The Bitcoin fear and greed index on Tuesday, September 6, 2022, went from the extreme fear level of 23 to the level of 22 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.  

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The indicator, which is composed of two opposing emotions, fear, and greed, determines whether the market is bullish (markets experiencing persistent increase) or bearish (markets suffering sustained decrease).

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Extreme fear indicates that investors are too concerned and that there is a chance to purchase, whereas extreme greed indicates that the market is ready for a correction.

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Fear is defined as a score between 0 and 24, whereas extreme fear is a value between 25 and 49. Neutral is 50, 51 to 74 is greed, and 75 is excessive greed.

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The global cryptocurrency market was trading in the green territory on Tuesday as Federal Reserves around the globe indicated that they will keep raising key interest rates to fight rising inflation.

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Bitcoin was trading above $20,000 after dipping below the level in the prior session as the economic slowdown continue to weigh on riskier assets.

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The global cryptocurrency market cap was at $1.00 trillion, up 1.79% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $76.02 billion. The overall cryptocurrency market volume over the previous 24 hours is $61.69B, a 29.00% rise.

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The total volume in DeFi is currently $5.54 billion, accounting for 8.98% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins is currently $56.87 billion, accounting for 92.19% of the entire 24-hour volume of the crypto market. Bitcoin’s dominance is at 38.32%, a 0.40% decline from the previous day.

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Bitcoin is currently trading at $20,025.49, up by 0.64%. In the last 24 hours, the highest it touched was $20,155.27 and the lowest was $19,673.05. 

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Bitcoin has a current market cap of $382,082,389,121. It has a circulating supply of 19,142,568.00 coins. BTC coins have a maximum supply of 21,000,000 coins.