New York — Investor sentiment across the cryptocurrency market has sharply deteriorated after the widely followed Crypto Fear & Greed Index dropped to 27, officially placing the market back into “Fear” territory and marking its lowest reading since the beginning of the month.

The sudden decline in sentiment comes amid rising volatility across major digital assets, increasing uncertainty surrounding global financial markets, and renewed concerns among traders over the near-term direction of cryptocurrencies including Bitcoin and Ethereum.

The Crypto Fear & Greed Index, a widely monitored sentiment tracker used by investors and analysts, measures overall market psychology by analyzing volatility, momentum, trading volume, social…