The Fear & Greed Index for bitcoin (BTC) has sunk to its lowest level since the March 2020 crash.
Due to the onset of the coronavirus epidemic last year, the market crashed through March 12 and March 13, 2020. On those days, the Fear & Greed Index fell to 14 and 10, indicating “Extreme Fear.
The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings into Bitcoin in November.