6 hour ago
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Bitcoin Fear & Greed Index Hits Extreme Fear at 15
Bitcoin is experiencing a bearish trend, with the Fear & Greed Index falling to its lowest extreme fear level since March.
Key Points
- The Fear & Greed Index measures investor sentiment in the cryptocurrency market using factors like trading volume and volatility.
- The index ranges from 0 to 100, with values below 25 indicating "extreme fear."
- Currently, the index stands at 15, signaling extreme fear among investors.
- This decline in sentiment follows Bitcoin retracing its recent recovery.
- Historically, extreme fear can precede market bottoms, but timing remains uncertain.
- Previous instances of extreme fear have led to both temporary and sustained recoveries in the market.
Bitcoin Price
- Bitcoin is currently trading at approximately $103,100, marking a 2% decrease over the last 24 hours.
