Crypto Fear and Greed Index Drops to Lowest Level Since February

Crypto Fear and Greed Index Drops to Lowest Level Since February

The crypto market sentiment index fell to 10, indicating extreme fear amid a 5% weekly Bitcoin drop and broader market losses driven by profit-taking, outflows, and macro uncertainty.

BTC

Fact Check
The assessment is based on a strong consensus across multiple high-authority and highly relevant sources. Two news outlets, one a financial markets platform and the other a cryptocurrency news site, directly and explicitly confirm the statement, reporting that the Fear and Greed Index has fallen to its lowest level since February. This claim is further substantiated by the inclusion of several primary data sources that provide historical charts and data for the index, allowing for direct verification of the temporal comparison. Another major crypto news outlet corroborates this by reporting the index has dipped into 'fearful' territory. While some sources only provide contextual support by describing a general 'risk-off' sentiment in the market, they align perfectly with the core claim. Critically, none of the provided sources offer any conflicting or contradictory information. The combination of direct journalistic confirmation, verifiable primary data sources, and consistent contextual evidence makes the statement highly credible.
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Summary

The Crypto Fear and Greed Index has plunged to 10, its lowest level since late February, reflecting extreme fear after a week of crypto market declines. Bitcoin dropped over 5% in the past seven days to just under $96,000, its lowest since early March, marking the second break below $100,000 this month. The overall crypto market, measured by the CoinDesk 20 index, lost 5.8% in value. Analysts cite profit-taking by long-term holders, institutional outflows, macroeconomic uncertainty, fading hopes for a Federal Reserve rate cut, and persistently low liquidity following October's crash as key causes.

Terms & Concepts
  • Crypto Fear and Greed Index: A metric that measures market sentiment in the cryptocurrency sector, ranging from extreme fear to extreme greed.
  • CoinDesk 20 (CD20): An index tracking the performance of the 20 largest and most liquid cryptocurrencies, as selected by CoinDesk.
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