Bitcoin Fear and Greed Index Retreats to “Extreme Fear” Zone

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May 2, 2022

The “Bitcoin” currency fell 2.91% the day before yesterday, Friday, after reversing its 1.28% gain from Thursday, and the digital currency ended its trading on Saturday, at $38,594.

The pullback, which occurred on Friday, sent Bitcoin down 15.2% in the last session of April.

According to Bloomberg, the negative sentiment extended from US stock markets to the cryptocurrency market, with Bitcoin's increased correlation with Nasdaq in April.

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