CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

BTC breaks $47,000 as cryptocurrency sentiment hits 2022 high

By Daniela Ešnerová


Updated

BTC coin and lines representing chart movements
The greed level in the market is the highest since 16 November 2021, when bitcoin and whole cryptocurrency market hit their all-time highs – Photo: Shutterstock

Sentiment in the cryptocurrency market is the highest it has been in 2022, according to Crypto Fear and Greed Index, as bitcoin (BTC) broke through the $47,000 mark, rising to levels unseen since the beginning of the year.

The Crypto Fear and Greed Index – a sentiment indicator that takes into account volatility, market momentum/volume shows, social media sentiment, dominance and trends in the cryptocurrency market, – pinned the current greed level at 60, where 0 is maximum for fear and 100 is the maximum for greed.

The greed level is highest since 16 November 2021, when bitcoin and the whole cryptocurrency market  hitting their all-time highs.

Crypto fear and greed levels in 2022:

Crypto fear and greed index in 2022Crypto fear and greed index shows the highest value in 2022, indicating the market sentiment is highest in the year – Credit: Alternative

Cryptocurrency firm Santiment noted that the primarly reason behind the spike was high amount of short positions being liquidated, which putshed the price of bitcoin and altcoins higher. 

ETH/USD

3,448.55 Price
-1.670% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

DOGE/USD

0.14 Price
-2.200% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

BTC/USD

67,691.40 Price
-0.270% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

SOL/USD

179.60 Price
-2.240% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

The whole cryptocurrency market advanced 5.8% to $2.13trn, according to data from CoinMarketCap.com.

What is your sentiment on ADA/USD?

0.43064
Bullish
or
Bearish
Vote to see Traders sentiment!

Chart of the day: BTC nears three-month high

Bitcoin's performance in 2022Bitcoin is trading at levels unseen since the beginning of January – Credit: TradingView

Other crypto news:

  • Japan will revise its laws to make sure Russia can't use cryptocurrency assets to evade sanctions imposed on the country following its invasion of Ukraine, as Reuters reports: “The government will submit a revision of the Foreign Exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by Russia through digital assets, Chief Cabinet Secretary Hirokazu Matsuno said in a press conference,” it said. 
  • The UK is due a new regulaory regime for cryptocurrency in the coming week, according to CNBC.

Top cryptocurrency coins by market capitalisation

As of 13:00 UTC:

Winners and losers

  • VeChain (VET), the 33rd-biggest cryptocurrency by market capitalisation, added 18.20% over the past 24 hours and 51.63% over the past seven days of trading.
  • There are no losers among the main cryptocurrencies today.

Markets in this article

BNB/USD
Binance Coin / USD
597.91 USD
-9.43 -1.570%
BNB/USD
Binance Coin / USD
597.91 USD
-9.43 -1.570%
BNB/USD
Binance Coin / USD
597.91 USD
-9.43 -1.570%
BTC/USD
Bitcoin / USD
67691.40 USD
-180.15 -0.270%
ETH/USD
Ethereum / USD
3448.55 USD
-58.45 -1.670%

Rate this article

Related reading

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 630,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading