Crypto sentiment drops amid unease over US market structure bill
The Crypto Fear & Greed Index slipped by 12 points to “neutral” on Friday amid heightened anxiety over the future of a long-awaited crypto bill in the US.
Crypto market sentiment has dropped after hitting a multi-month high, as the crypto industry in the US is divided over a Senate version of a highly-awaited crypto market structure bill.
The market sentiment-tracking Crypto Fear & Greed Index, slid by 12 points on Friday to a “neutral” score of 49 out of 100, dropping from its score of 61, indicating “greed,” on Thursday.
The index’s score on Thursday was the highest recorded since it hit 64 out of 100 on Oct. 10, the same day the crypto market massively crashed and saw $19 billion in liquidations.