Bitcoin's Current Market Sentiment Is Neutral, Indicator Shows

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day. The price of Bitcoin has declined by roughly 17% since spot etfs began trading in the US on January 11th. And traders are looking for clues from various charts on when an eventual market bottom could actually happen. One of those indicators is the crypto fear and greed index which gives an overview of traders is attitude toward Bitcoin. The latest reading shows the current market sentiment is neutral with the index hovering at 50 down from the 75 plus readings earlier this month which reflected greed. A reading below 20 indicates extreme fear and has mostly coincided with peak selling in the past. That's a wrap for the chart of the day. I Amit Singh. We'll see you next time to unpack more of the data behind the top news stories.