Crypto Fear and Greed Index Falls to 56 as Bitcoin Slips to $82K
- —Fear and Greed Index fell to 56 from 67 a week ago and a peak of 82 on Aug. 26
- —Bitcoin dropped 6% from $86,978 to $81,749.83, now trading near $82,000
- —Brent crude topped $101 and the 30-year Treasury yield reached 5.70%
- —Bitcoin ETFs lost $386.3 million in October, Ethereum funds shed $635 million
Why it matters: Rising oil prices and Treasury yields are pressuring risk assets, reducing odds of Fed rate cuts and cooling crypto demand.
Source: Decrypt