The Year In Review: An Emotional Rollercoaster For Crypto Investors

The crypto market this year saw some ups and downs that had market sentiment fluctuating widely. Investors had experienced a year like no other given the multiple bulls runs and subsequent crashes and dips that then plagued the market. For some, it was the best year after their portfolios lay in the red for the past three years, while for others, especially those who got in at the height of the bull rallies, it has been a brutal year.

Nonetheless, it has been a year packed with lessons for all investors. Moving from incredibly bullish to bearish has helped educate investors that it cannot always be dark, neither can it always be bright. In this report, we take a look at the sentiment movements in the year and how emotions have moved with the market.

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Crypto Fear & Greed Index Fluctuates

Entering into the year had investor sentiment at one of its highest. Right in the extreme greed territory, the increasingly positive outlook of investors would play out over the next couple of months in the market. For four months, market sentiment was in extreme greed, and faith in cryptocurrencies remained high. However, this would change not too long after.

The very first notable price crash in the crypto market had happened in May, which saw market sentiment plummet with it. After staying in the greed territory for so long, the sentiment was suddenly in fear and investors were wary of the market. This continued through most of the summer as market-wide dips continued to rock the market, in turn dragging sentiment more into the negative.

By spring, however, the market had once again begun to rally. Sentiment, slowly but surely, moved out of the fear territory and went into neutral, hovering between this and greed.

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Crypto fear & greed index records rollercoaster year

Fear & Greed Index fluctuates widely in 2021 | Source: Arcane Research

August would market the beginning of another stretch of positive sentiment as the market once again dived into greed territory. This was followed by rallying prices, with investor favorites hitting new all-time highs.

This would prove to not last long as sentiment once again derailed back into the negative following the September 7th market crash. The Fear & Greed Index would again trend low until another rally towards the end of September brought it back up again. This time around, the market sentiment would spend a considerable amount of time in the greed territory before reversing again.

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Investors who are mostly seasoned have used tools like the Fear & Greed Index to profit off the crypto market this year. So while others have been scared of putting money in the market, these investors have doubled down on their investments and have seen it pay off. Arcane Research predicts that this trend will continue into 2022 and will help investors spot “buy the dip” opportunities in the coming year.

Presently, the Fear & Greed Index is trending low at around 40, indicating that investors are fearful of the market.

Crypto total price chart from

Crypto total market cap crumbles to $2.2 trillion | Source: Crypto Total Market Cap on
Featured image from Institute of Entrepreneurship Development, charts from Arcane Research and


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Crypto Market Drops Back Into ‘Extreme Fear’ As Prices Struggle

The crypto market has continued to struggle after running out of steam with its last rally. During the last lap of the year, the market as a whole is not doing too well, although prices of cryptocurrencies are way higher than they were this time last year. Nonetheless, there have been some interesting trends that have emerged with the market crash that has seen prices stagnate at this time.

The Fear & Greed Index has shown that market sentiment has gone into the extreme negative once again. With prices of top assets like bitcoin and ethereum trading below important support points, sentiment has fluctuated widely in the market but has mostly stayed in the negative. This time around, market sentiment has dropped low and landed in the ‘extreme fear’ territory.

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Crypto Market Basking In Fear

The crypto market has spent a good portion of the month of December in the fear territory. Market prices haven’t been the most favorable for the month and investors remain incredibly wary of getting into the market at such a time. Others have however seen this as a buying opportunity like in the case of MicroStrategy, which bought an additional 1,434 BTC bringing its total holdings to 122,480 BTC.

The aggregate for the month of November came out to neutral on the sentiment side of things after a tumultuous end to an otherwise wonderful beginning of the month. That has spilled into December as Christmas rolls around.

Chart showing Fear & Greed Index

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Market goes into extreme fear | Source:

Yesterday the Fear & Greed Index had peaked at 29 on the chart, putting the market in the fear territory. This was up a bit from last week where the market spent long stretches in extreme fear. Today, market sentiment again rolled into the extreme fear territory with a low 23 on the chart.

The index being this low shows that there are low buying pressures in the market and high selling pressures. Sell-offs are still underway in various digital assets that have seen their prices dip into the red. As the market heads into the weekend which is usually characterized by low volatility, will the market be able to pull itself out of extreme greed?

Bitcoin, Ethereum Suffer Losses

Bitcoin had made a splash in the market when it had hit its new all-time high slightly above $69,000 at the beginning of November. This had sent the crypto market on what would be a memorable bull run as Ethereum came close to hitting the $5,000 mark not too long after. But this would only be short-lived as the downtrend had begun not too long after.

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For Bitcoin, the digital asset had lost as much as $10,000 in a single day that sent it towards the low $40,000s. Ethereum on the other hand had held out for a while but succumbed to the downtrend in time.

Bitcoin is now trading well below $50,000 after failing to hold above this price point this week. Ethereum is now trading below $4,000, a crucial support point for the digital asset. At the time of writing, bitcoin is trading at $47,141 and ethereum is trading at $3,826.

Crypto total market cap chart from

Crypto total market cap at $2.16 trillion | Source: Crypto Total Market Cap on
Featured image from Bitcoin News, chart from


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Crypto Market Overview: Reasons Behind BTC Fall, Top Monthly Gainers

Bitcoin’s value has declined by around 14% since its recent peak, and other major cryptos have followed suit, rattling a bullish run.


Bitcoin’s price hovered around $57,000 on Thursday, its lowest level since mid-October, after briefly falling below $56,000 a day earlier.


So far this month, BTC’s value has dropped by 6%, leaving investors unsure of how deep the fall can go. My vantage point as the PR head of a big crypto exchange allows me to see the market from the inside and what is happening today is very similar to what happened in the past. In my opinion, this is just a pullback as Bitcoin gathers power before making its next leap to new highs. 


However, Bitcoin’s price has fallen dramatically in recent weeks from the peak of nearly $69K it reached earlier this month, raising the question of why the previous correction took less time and wasn’t as severe.

Source: TradingView 

The plunge in crypto prices can be attributed to multiple factors. Among them is the Securities and Exchange Commission (SEC) rejecting a bitcoin ETF, which would have likely seen billions of dollars poured into the cryptocurrency market.

Furthermore, China is tightening its grip on Bitcoin mining, saying it will consider “punitive electricity prices” for some crypto mines as part of its next phase of crackdowns.

In related news, US President Joe Biden signed a $1.2 trillion infrastructure bill last week, which includes provisions that could have tax implications for crypto investors.


Additionally, I believe that rising selling pressure and profit-taking are the other contributing factors. We are experiencing crypto’s natural cycle. Whenever assets reach record highs, people sell off their assets. However, large sales can result in the value’s drop. 

Cryptocurrencies have also been hit by a strengthening dollar, which is always a negative factor. 

Ned Segal, Twitter’s CFO, also made negative remarks about cryptocurrency, which may have influenced the market. According to him, investing cash into crypto assets at this point isn’t wise.

Therefore, it is no surprise that the Crypto Fear & Greed Index shows that market sentiment, which was neutral last week, is now in “fear” territory with a reading of 32/100 as of writing. 




However, there is no reason to be surprised by Bitcoin’s volatility, bearing in mind it has shown a steady rise in value over time. 

It seems like Bitcoin is on its way to bounce back to new price records. Still, even though we see some signs of recovery, it’s too early to speak of a fully-fledged bullish trend. 

The average directional index (ADX) which measures trend strength currently stands at 13.26, indicating a weak trend. I think the bulls are too tired and need some time to recover and consolidate. 


Source: TradingView 

The next level of resistance, in my opinion, is $60K. After BTC price breaks through it, we can expect accelerated growth and new heights. 


Several investment firms began offering crypto to clients, including Goldman Sachs, JPMorgan Chase, and Wells Fargo. With top cryptocurrency developments such as El Salvador accepting Bitcoin as legal tender, the launch of the first Bitcoin futures ETF, and Tesla and MicroStrategy adding Bitcoin reserves to their balance sheets, it seems very likely that exponential growth of crypto adoption will drive price increases for Bitcoin and other major coins.  


Over the past 30 days, Mars Space X (MPX) coin was the top performer making a stunning 1,447,841.08% monthly gain. At the time of writing, it traded at $0.000007489, up by 460% in a day. MPX is a cryptocurrency aimed at providing capital output to Elon Musk’s Mars Project.

Source: Source: CoinMarketCap 


Dogebonk (DOBO), a token on Binance Smart Chain (BSC) with deflationary properties and automatic yield generation, was the second top performing altcoin, posting a 11,823.12% monthly gain. It was last traded at $0.0000003291, down by 8.7% in 24 hours. 

Source: CoinMarketCap 


Solar Energy (SEG), a deflationary BEP20 token from Binance Smart Chain aimed at creating photovoltaic power plants in Brazil, was the third top gainer for the last 30 days, posting a monthly gain of 12,431.32%. Over the past 24 hours, it decreased by 74.70% to $0.0008315 however.  

Source: CoinMarketCap 


Coin To Fish (CTFT) was the fourth top gainer, marking a 9,131.47% gain month-on-month. At last check, it traded at $1.40, up by 85.70%% in 24 hours. 

Source: CoinMarketCap 

The next best-performer was Arbis Finance (ARBIS) coin, making a 4,112.74% gain over the past 30 days. At the time of writing, it rose by 21.66% in the last 24 hours to $0.0005518.

Source: CoinMarketCap 


Along with other top performers, FarmerDoge (CROP) made amazing monthly gains, rising by 3,844.38% over the past 30 days. At the time of writing, CROP traded at $0.008346, slightly down by 1.7% in the past 24 hours. 

Source: CoinMarketCap 

Please note, that this article was finished on Tuesday, and the situation might have changed since then. This material firstly appeared on Cointelegraph.

Image source:


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As Crypto Market Goes Into “Extreme Greed,” Is Bitcoin Set For New All-Time High?

Bitcoin price recently broke past $50,000 as the entire crypto market experienced a surge. Investor sentiment has been greatly skewed into the positive with this break of the $50K resistance point, increasing the buy pressures all around the market.

There are various tools used to measure how investors are currently feeling towards a particular asset. In this case, the Fear & Greed Index helps to measure the general sentiments around the top coins in the crypto market. The week has started on a high note with the Fear & Greed Index index at a score of 79 today. Putting sentiments around top coins like bitcoin in the region of extremely positive.

Picture of the Fear & Greed Index with the indicator pointed to 79 at extreme greed

Picture of the Fear & Greed Index with the indicator pointed to 79 at extreme greed

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Fear & Greed Index goes into extreme greed | Source: Fear & Greed Index from

Market Turns To Extreme Greed

The market has spent the last week in greed according to the Fear & Greed Index. Now, following bitcoin going to $52K, the pin has now moved straight into “Extreme Greed.” This is a result of investors, both old and new, clamoring to get their hands on as much bitcoin as possible. At this point in time, accumulation looks to be the name of the game.

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The Fear & Greed Index jumped six points in the span of 24 hours to land at 79 on the index, which put it directly in the “Extreme Greed” territory. Measuring emotions and sentiments in the market have shown that investors have gotten into the phase where they want to get their hands on the top cryptocurrencies in the market.

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For Bitcoin, this means that the asset is nowhere near being done with its current rally. Testing above $52K earlier, the digital asset had been thrown back downwards as the price mounted a resistance at this point. But this dip would not last long as bitcoin promptly found its footing above $51K again. With investors buying back into cryptos, the price of bitcoin looks set to mount another rally from its current point.

Bitcoin price chart from

Bitcoin price chart from

BTC expected to hit $100,000 by year-end | Source: BTCUSD on

Market analysts have put the price of the digital asset at $100,000 by the end of the year. While this may seem ambitious, accumulation patterns continue to point towards this being the most likely endpoint for the asset. September has historically been one for the bears, so the dips at this point are understandable. With the market picking up momentum after each dip, a price surge towards $60K looks imminent.

Good News Around Bitcoin

Tomorrow will see the first country in the world to accept bitcoin as legal tender. The country of El Salvador had announced earlier in the year that it was accepting BTC as a legal tender alongside the dollar. The set date for this law to go into effect was put at September 7th, which has sparked a lot of interest in the digital asset.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

With the adoption less than 24 hours away, the market has responded quite positively to this news. Today, the price of bitcoin broke $52K for the first time since May, marking the continuation of the current bull market. And as El Salvadorans get ready to use BTC as a legal means of exchange, the world watches in anticipation of how the implementation will go.

Featured image from CryptoPotato, chart from


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Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin

Bitcoin is still headed for the moon even as the weekend goes on. The price of the asset has not seen much in the way of a downturn following its massive price increase from last month. Overall sentiments in the crypto market are still very positive, as evidenced in the Fear & Greed Index. The index which had spent the better part of the last two months following the market all-time high has now turned into the most coveted territory.

The crypto Fear & Greed shows that the market has now gone into “extreme greed.” Continuing its upward trajectory from the last couple of weeks. The index had gradually made its way out of “extreme fear,” when the market seemed to be in its most vulnerable. Prices were crashing from both bitcoin to altcoins. This saw sentiments decline into negative.

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The first week of August brought a gush of fresh air when the market moved out of extreme fear into the fear territory. Although this was not ideal, it showed that cryptocurrencies were once again making progress. A week of continuous uptrend brought the price of the digital asset into neutral. Then what followed was a quick run-up into the “greed” territory. Bitcoin had broken $40K and there was no telling how long the run-up would go on. Investors did not want to miss out on this and so money poured back into the market.

Last week saw the price of bitcoin breaking $48K for the first time in over two months after it hit its $64K all-time high. This continued growth pushed the market sentiment right into ultra-positive, with the Fear & Greed Index running into “extreme greed,” scoring 78 on the scale yesterday and 76 today. Indicating that investors were back putting money into cryptocurrencies.

Picture of the Fear & Greed Index with the indicator pointing to extreme greed

Picture of the Fear & Greed Index with the indicator pointing to extreme greed

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Crypto market moves into Extreme Greed | Source: Fear & Greed Index on

Bitcoin Market Taking The Hint

With the Fear & Greed Index in “extreme greed,” tremendous buy pressure has been on the market. Money has flooded back into the market, sending the prices of cryptocurrencies skyrocketing. Following this has been the total crypto market hitting $2 trillion again after suffering continuous lows in the preceding two months. Altcoins have seen a lot of growth with this, as has Bitcoin.

Bitcoin price chart from

Bitcoin price chart from

BTC price trading north of $48K | Source: BTCUSD on

Bitcoin price, while currently trading north of $48K, shows tremendous promise in hitting a new all-time high. Indicators point in the direction of this bull rally continuing. Momentum has held up all across the market. This means that even though the price might experience small dips, overall control of the price lies in the hands of the bulls, determined to drive the bullish vehicle for as long as possible.

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Both institutional and individual investors have shown patterns of accumulation with bitcoin. Exchange inflows have fallen far below exchange outflows, indicating that investors are moving their digital assets from cryptocurrency exchanges for safekeeping in private wallets.

Featured image from Finance Magnates, chart from


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Bitcoin (BTC) $ 26,948.22 0.05%
Ethereum (ETH) $ 1,674.77 1.13%
Litecoin (LTC) $ 65.63 0.10%
Bitcoin Cash (BCH) $ 234.78 0.56%