​Cryptocurrency Fear and Greed Index is at the extreme level | Best Crypto Traders Official

​Cryptocurrency Fear and Greed Index is at the extreme level

The cryptocurrency sector has had a difficult start to 2022. “Bitcoin and most of the top 10 major altcoins started the year in the red, amid dominant downward pressure and the cryptocurrency Fear and Greed Index hit the 15 mark, indicating extreme fear,” said Alejandro Sala, regional manager for Bitpanda in Spain.

Analysts have warned of the importance of the conflict in Kazakhstan for the sector. “Kazakhstan has quietly become the world leader in bitcoin mining, second only to the United States in terms of mining after the recent crackdown on mining in China,” explained Simon Peters, cryptocurrency analyst at eToro.