Crypto markets hit ‘extreme fear’ as Bitcoin falls to a two-week low
Bitcoin and the crypto market in general are still under pressure, with investor sentiment still at the extreme fear level, as per the Crypto Fear and Greed Index. The index has fallen to 10 with Bitcoin falling to $68,000, a two-week low.
Although it has been able to recover to levels below $60,000, sentiment has been poor over the months after being rejected around the 100,000 mark earlier this year. The index, which measures such variables as volatility, volume, and social trends, indicates that investors remain cautious. Also, analysts say market movement remains uncertain despite the recent price stabilization.
