Crypto Fear and Greed Index Drops to 5 Indicating Extreme Market Fear
Bitcoin Magazine reports the index hitting its lowest recorded level, signaling unprecedented investor anxiety in the cryptocurrency market.
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Fact Check
Multiple credible and directly relevant sources report very recent values for the Crypto Fear and Greed Index that are either exactly 5 or close enough to 5 to plausibly support the statement. One high-relevance, direct-report article from Sherwood News explicitly states that CoinMarketCap's Crypto Fear & Greed Index is at 5, marking extreme fear. Other reputable sources indicate similar but slightly higher numbers (e.g., 9 and 14), which could be due to differences in data providers or timing of publication. The Sherwood report's direct match, combined with its high relevance and credible authority, strongly supports the truthfulness of the statement. The minor discrepancies from other sources suggest possible short-term fluctuation in the index rather than a fundamental contradiction. Given that the statement is specific and a primary source directly confirms it, the probability of it being true is high.
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Summary
The Crypto Fear and Greed Index has fallen to 5, marking its lowest level in history and signaling extreme fear among cryptocurrency investors. Reported by Bitcoin Magazine, this drop reflects heightened market anxiety and cautious sentiment, with the index historically ranging from extreme fear at 0 to extreme greed at 100. The current reading underscores severe pessimism amid volatile market conditions.
Terms & Concepts
- Crypto Fear and Greed Index: A market sentiment indicator ranging from 0 (extreme fear) to 100 (extreme greed) used to measure investor emotions in the cryptocurrency market.
- Bitcoin dominance: The percentage of total cryptocurrency market capitalization that is represented by Bitcoin.
- Market volatility: The degree of variation in trading prices over time, often used to assess market risk and investor sentiment.