BTC Fear & Greed Index Slips Despite the Powell-Fueled NASDAQ Rally
On Wednesday, bitcoin (BTC) rallied 4.42% to end the day at $17,180. Risk-on sentiment fueled by bets of China easing lockdown measures and a less hawkish Fed Chair delivered a NASDAQ and BTC breakout. However, the Fear & Greed Index slipped from 29/100 to 27/100, reflecting caution ahead of today’s US economic indicators.