via Bitcoin Magazine · By Bitcoin Magazine Editorial
Bitcoin Price Plunges Below 'Fire Sale' Territory As Fear Index Reads 12 — Echoing The FTX Crash
BTC/USDT
$25,031,346,954.57
$63,999.00 / $61,306.84
Change: $2,692.16 (4.39%)
+0.0064%
Longs pay
Bitcoin price dropped to levels on Thursday that placed it below the “Fire Sale!” band on the Bitcoin Rainbow Chart — a depth not reached since the catastrophic FTX exchange collapse in November 2022 — as the Fear and Greed Index registered a reading of 12 out of 100, deep in “Extreme Fear” territory.
Bitcoin price opened today near $63,500 after sliding below $62,000 last night. That puts…
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