- There has been a change in crypto investor sentiment at the start of 2022.
- The market has moved from fear to extreme fear and back since last month.
- Prevailing trends include investing in cryptocurrencies with strong fundamentals.
The start of this year has been drastically different from the last as far as the crypto market is concerned. 2021 began with the same fire that ended in 2020 when Bitcoin broke through its previous all-time high of $19,600 and immediately began to skyrocket. In fact, Bitcoin’s price almost doubled between the start of January 2021 and the middle of February.
2022, however, has been a polar opposite. The market began to slow down at the start of December last year, and that bearish momentum has refused to let up. There are signs of recovery here and there, but the general market sentiment remains a very bleak one.
A simple check of the Crypto Fear & Greed Index will explain where the market is right now. Inves …
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