The Crypto Fear & Greed index, which tracks the general feeling of the cryptography market, has remained in the “greed” area despite the increase in geopolitical tensions after Israel launched a series of air attacks on Iran.
The index registered a 60 score in its Sunday update, maintaining its position in the Greed territory despite Bitcoin (BTC) falling 2.8% to $ 103,000 on Friday. According to the reports, this followed explosions in Tehran at 22:50 UTC on Thursday, so Israel attributed responsibility. According to the reports, Iran retaliates with “no non -ballistic missiles” on Friday night.
On Thursday, the index had a greed score of 71.
Bitcoin approached the maximum of all time
The decrease in Bitcoin’s price occurred when it was closer to testing its historical maximum of May 22, $ 111,970. At the time of publication, Bitcoin is quoted at $ 105,670, according to Coinmarketcap.
Ethher (ETH), meanwhile, fell 10.79% in the same period to a minimum of $ 2,454 before recovering at $ 2,534 at the time of publication.
The participants of the cryptographic market pointed out the relative force of Bitcoin given the circumstances. The cryptographic analyst SA said in a Saturday publication X: “Bitcoin does not seem worried about the conflict of Israel and Iran (still).”
“There is no better indicator than Bitcoin, which makes this notable, in my opinion,” said Sa.
The cryptographic businessman Anthony Pompliano said in a publication the same day: “Bitcoin is relentless.”
Merchants seem to be confident that it will remain above the psychological level of prices of $ 100,000, which claimed on May 8 for the first time in three months. A fall below this price level could put more than $ 1.74 billion in long positions at risk of liquidation, according to Coinglás data.
Meanwhile, the funds quoted in the stock market (ETF) Spot Bitcoin registered a week of direct tickets for the negotiation week that ended on Friday, accumulating $ 1.37 billion in tickets during the five days, according to Farside’s data.
However, Spot Ether ETF finished its input streak of 19 days on Friday, with net outings or $ 2.1 million.
Bitcoin falls less than after Iran’s attack in April 2024
Bitcoin’s price decrease after Friday’s air attack was less severe than in April 2024, when Iran launched an unprecedented direct attack against Israel.
The strike, which was a reprisal measure against Israeli bombings of the Iranian embassy in Damascus, sent the price of Platum BTC measurement 8.4% on April 13, 2024.
Althegh, the index registered a “greed” score of 72 on the same day, had fallen to a “fear” score for May 2, 2024.
