Crypto Fear & Greed Index: Despite Israel-Iran conflict on “Gier”

The Crypto Fear & Greed Index, which depicts the general mood on the cryptom market, is still in the area of ”greed” despite the increasing geopolitical tensions about Israel's air strikes on Iran.

The index recorded On Sunday a value of 60 and remained in the “greed” area, even though Bitcoin (BTC) fell by 2.8 % to $ 103,000 on Friday. Shortly before there were explosions on Thursday in Teheranfor which Israel took responsibility. Iran struck on Friday evening with “dozens of ballistic rockets”.

The index was 71 on Thursday and also with “greed”.

Bitcoin approached every time

Bitcoin was about to reach his all-time high of May 22nd at $ 111,970. Bitcoin is currently Sea Coinmarketcap at $ 105,540.

Bitcoin has increased by 0.07 percent in the past seven days. Source: Coinmarketcap

Ether (ETH) fell by 10.79 % to a low of $ 2,454 in the same period. He has currently recovered to $ 2,534.

Crypto market participants pointed out the relative strength of Bitcoin in view of the circumstances. The cryptoanalyst za said In an X-Post on Saturday: “Bitcoin does not (yet) seem to be concerned about the conflict between Israel and Iran”.

“There is no better indicator than Bitcoin, and in my opinion that is remarkable,” said ZA.

Crypto entrepreneur Anthony Pompliano said In a post on the same day: “Bitcoin is relentless.”

The dealers are confident that he will remain $ 100,000 above the psychologically important Nveau, which he has recaptured for the first time in three months on May 8. A decline under this level could Sea Coinglass data caused long positions worth over $ 1.74 billion to be dissolved.

Cryptocurrencies, Israel, Bitcoin Price, Iran — *Over $ 1.74 billion in long positions are at risk if Bitcoin falls below $ 100,000. Source:* *CoinGlass*

In the meantime, Bitcoin Spot Fund (ETF) listed on the stock market continuously on Friday for a week and collected in the five days Sea Farside data $ 1.37 billion.

However, the Spot ether ETF ended its 19-day inflow on Friday Nettoblasses of $ 2.1 million.

Bitcoin: Smaller decline than after Iran attack in April 2024

The decline of Bitcoin after the air raid on Friday was less than in April 2024 when Iran an attack on Israel Started.

The strike, which was a retaliation measure for the Israeli bombing of the Iranian embassy in Damascus, had the course in 8.4 % collapsed on April 13, 2024.

Although the index recorded a value of 72 on the same day, it was on “fear” until May 2, 2024.

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