Data shows the crypto market almost escaped from the extreme fear territory earlier in the week, but the sentiment has once again slumped down during the last few days.
Crypto Fear And Greed Index Continues To Point At “Extreme Fear”
As per the latest weekly report from Arcane Research, the current streak of extreme fear, which happens to be the longest ever, couldn’t be broken this week.
The “fear and greed index” is an indicator that measures the general investor sentiment in the crypto market.
The metric uses a numeric scale that runs from zero to hundred for displaying this sentiment. All values of the index greater than fifty imply greed, while those below the threshold suggest fear.
Values of more than 75 and less than 25 towards each end of the range indicate sentiments of “extreme greed” and “extreme fear,” respectively.
Now, here is a chart that shows the trend in the crypto fear and greed index over the last year:
The value of the indicator seems to have slumped back down...
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