Crypto Market Slips Into ‘Extreme Fear’ After Bitcoin Fails to Hold $100,000 Level
Crypto market sentiment has deteriorated sharply, with the Fear & Greed Index dropping to 10, a level indicating “extreme fear,” marking a near nine-month low as it’s the lowest reading since late February.
The plunge in sentiment follows a week of losses across major cryptocurrencies, led by bitcoin’s decline to just under $96,000 in a major sell-off that, for the second time this month, saw the cryptocurrency drop below the $100,000 mark.
The index, a popular gauge of investor emotions, reflects growing unease as bitcoin lost more than 5% over the past seven days. The largest cryptocurrency is now trading at levels not seen since early March, following a steady…
