Until now, the virtual currency world still remembers the winter day of 2017 as an unforgettable bad memory.
Now, that day is coming very close.
The FGI Index is statistically based on Bitcoin’s price fluctuation range, trading volume, news from media and social networks, and the capitalization dominance of this currency.
To date, FGI has recorded a few times when the Bitcoin fear index fell below an extremely dangerous threshold.
Bitcoin price 6,852 USD on February 6, 2018 – 8 points
This is the time when Bitcoin has continuously plummeted since reaching a peak of 19,000 USD at the end of December. The decline caused Bitcoin to lose 65% of its value with the entire market capitalization evaporating nearly 500 billion USD to just under 300 billion USD.
Bitcoin price 3,895 USD on December 25, 2018 – 9 points
Bitcoin kept its price above 6,000 USD for most of 2018. By the end of November, the famous war between Bitcoin Cash and Bitcoin SV broke out, dragging the virtual currency Bitcoin down, at one point reaching a bottom of 1,300 USD when
The entire market capitalization at that time was only less than 150 billion USD and lasted until April 2019.
Bitcoin price 10,124 USD on August 22, 2019 – 5 points
The price of Bitcoin was pulled from 3,000 USD to 10,000 USD in August 2019.
Bitcoin price 5,142 USD on March 13, 2020 – 10 points
Fear of the Covid-19 pandemic began to cover the world once again, pulling the entire virtual currency market capitalization below 200 billion USD and Bitcoin at one time bottomed out below 5,000 USD.
Bitcoin price 32,250 USD on May 24, 2021 – 10 points
Bitcoin’s latest price drop is related to the negative news that has continued to come in over the past two weeks.
Next is the news surrounding China’s ban on cryptocurrency trading and mining, which was reported by Western media.
Currently, as of the morning of May 25, Bitcoin is recovering to a price of 39,000 USD with a total market capitalization of more than 1,700 billion USD.
Martin 
Logan 
Daniel