Crypto fear and greed index slips as the BitBot raises $3M
A sense of fear is creeping up in the cryptocurrency market as investors focused on the upcoming Federal Reserve decision. The closely-watched crypto fear and greed index has crashed from the extreme greed zone of over 80 to the neutral phase of 58. This price action happened as the price of Bitcoin remained in a tight range between $70,000 and $60,000 and other altcoins like Solana, Avalanche (AVAX), and Cronos (CRO) have all plunged hard recently. Still, there are some positive signs, with BitBot raising over $3 million in its token sale. Federal Reserve decision ahead Bitcoin and other altcoins have retreated sharply ahead of this week’s interest rate decision. Economists expect that the bank will continue with its hawkish tone in this meeting since inflation has remained stubbornly high. Data released this month revealed that the headline Consumer Price Index (CPI) rose to 3.5% in March while core CPI jumped to 3.8%...