Bitcoin Fear and Greed Index continues to move in the fear zone

The Bitcoin Fear and Greed Index continues to move in the fear zone, signaling that investors are currently feeling pessimistic and cautious about the world's largest cryptocurrency.

The Bitcoin Fear and Greed Index continues to move in the fear zone, signaling that investors are currently feeling pessimistic and cautious about the world’s largest cryptocurrency.

The index is 32, while yesterday, it was at the 31 mark. Last week, it switched from neutral to fear, moving from 49 to 46.

On Feb. 27 and March 4, it showed 10 and 15, which stand for extreme fear.

Bitcoin Fear and Greed Index is 32 - FearCurrent price: $84,343 pic.twitter.com/qM6FRKDQaE

Currently, the index is moving in the fear zone, while when it enters the fear zone, especially extreme fear, it often presents a buying opportunity for market participants.

Meanwhile, Bitcoin continues to move in a range, after falling 2.9%, reacting to the Fed's interest rate decision.

The cryptocurrency is changing hands at $84,380 per coin, moving in the $84,000 range.

The largest crypto has displayed an almost 3% decline since Thursday, March 20, reacting to the Fed's decision on interest rates.

On that day, during a scheduled FOMC meeting, Fed boss Jerome Powell announced that the Fed Reserve plans to leave the interest rates at the current level, while the market is expected to see a further rate cut throughout 2025.

Moreover, according to analytic data sources, this week, the world's first spot Bitcoin ETFs have seen massive cumulative inflows, nearly reaching $1 billion.

While $785.6 million went into the ETFs in total this week (every trading day), after the small outflows, $744.3 million remained in them.

BlackRock’s IBIT consumed the largest amount of funds, once again proving leadership over the rest of the Bitcoin ETF flock. Overall, since Monday, IBIT has attracted 6,342.47 BTC, which comes to $535,582,902.