Bitcoin Fear and Greed Index Hits 4-Month Low
The Bitcoin Fear and Greed Index, which measures cryptocurrency market sentiment, has hit its lowest level since October 15. The index hit 65 on December 30, which is still within the greed range.
According to CoinGecko, the price of Bitcoin is currently hovering around $93,000, down 13.7% in the past twelve days. Analysts have warned that further price declines are possible, and investors have turned to stablecoins.
The index hovered above 70 in November and December, reaching a high of 94 on November 22. However, the recent decline has led some analysts to predict increased price volatility.
According to analysts, as the inauguration of the US president-elect approaches, there is a possibility of significant price movements in the market.

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335 $DEGEN