Bitcoin Price and Ethereum – Fear & Greed Index Signals "Extreme Risk"
Most cryptocurrencies were trading in the negative early on October 11, as the global crypto market cap fell 3.26% on the previous day to $916.30 billion. Over the last 24 hours, however, overall crypto market volume increased by 63.81% to $54.09 billion.
The overall volume in DeFi was $3.64 billion, accounting for 6.73% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $51.01 billion, accounting for 94.31% of the total 24-hour volume of the crypto market.
During the Asian session, Bitcoin is trading slightly bearish, dropping 2.05% in 24 hours to trade at $19,061.16. Whereas the second leading cryptocurrency, Ethereum, is down 3.28% to trade at $1,279.64.
Investors in the volatile cryptocurrency industry often show extreme displays of emotion. When the market rises, avarice can cause people to act in ways they later regret (fear of missing out). Also, the sight of red numbers often causes people to sell their coins for nonsensical reasons.
The Fear and Greed Index is here to protect you from making irrational decisions based on your own emotions.
On Tuesday, the cryptocurrency market remained in a "risk-off" mode, with the fear & greed index indicating "extreme fear." Typically, investors avoid risky assets and continue to invest in safe-haven assets such as the US dollar, gold, and government bonds.
Extreme fear can indicate that investors are overly concerned. That could be a good time to buy.
The current Bitcoin price is $19,071.56, and the 24-hour trading volume is $2.9 billion. In the last 24 hours, Bitcoin has dropped 2.01%. CoinMarketCap currently ranks first, with a live market cap of $365 billion.
Paul Tudor Jones, an investor worth a billion dollars and a prominent hedge
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