According to Cointelegraph, Bitcoin sharply declined on Monday, dropping more than $3,000 within two hours and over 4% for the day, currently trading at $64,300 and erasing all weekend gains. The Alternative.me Crypto Fear & Greed Index subsequently fell back to 5 (out of 100), re-entering the "Extreme Fear" range—a level only seen in August 2019, June 2022, and earlier this month since the index's launch in 2018.
Crypto Fear & Greed Index Drops to Historic Low of 5 Amid Bitcoin Decline
TechFlowShare
Summary
The Fear & Greed Index dropped to 5 on Monday as Bitcoin news triggered a sharp decline, losing over $3,000 in two hours. BTC fell more than 4% for the day, now trading at $64,300, erasing all weekend gains. The Fear & Greed Index has only reached this level of extreme fear three times since 2018.
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