Data shows the Bitcoin Fear & Greed Index has dropped into the extreme fear territory following the latest crash in the cryptocurrency market.

Bitcoin Fear & Greed Index Now Pointing At ‘Extreme Fear’

The “ Fear & Greed Index ” refers to an indicator created by Alternative that tells us about the sentiment that’s present among the average trader in the Bitcoin and wider cryptocurrency markets.

The index uses the data of the following five factors to determine the investor mentality: trading volume, market cap dominance, social media sentiment, volatility, and Google Trends.

To represent the sentiment, it utilizes a numeric scale running from zero to hundred. All values above 53 signal a net sentiment of greed, while those under 47 imply fear in the market. The indicator being betwe

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