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Here’s why Bitcoin traders expect choppy markets for the remainder of 2021 -Breaking


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The global economy continues to be hampered by inflation concerns and general trepidation regarding its future.BTC) and altcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where it has been parked since the beginning of December.

Crypto Fear & Greed Index. Source: Alternative

Even though there was a brief uptick in market prices following the Federal Open Market Committee meeting at which Fed Chair Jerome Powell addressed the committee, it did not last long. It was indicated that interest rates would not rise.The crypto market’s overall sentiment is still waning, which could indicate that the year 2021 may end in a bearish tone.

BTC price vs. Crypto Fear & Greed Index. Source: Delphi Digital
vs. 200-day EMA & SMA. Source: Delphi Digital
Daily stablecoin transfer volume. Source: Dune Analytics
BTC/USD vs. 30-day returns. Source: Jarvis Labs