Crypto Fear Index Falls to 23, Market in "Extreme Panic"

In Brief:

Fear and Greed Index dropped to 23 today, from 34 yesterday.

The index indicates “extreme fear” in the crypto market.

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According to data from Alternative, the Crypto Fear and Greed Index has fallen sharply to 23 as of April 7, down from 34 just a day earlier. This marks a significant drop in market sentiment, pushing the index into the “extreme fear” zone.

The Fear and Greed Index ranges from 0 to 100, combining metrics such as volatility, trading volume, social sentiment, market dominance, Google Trends, and survey data. A score below 25 often signals heightened anxiety among investors and potential overselling in the market.

This shift comes as prices for major cryptocurrencies like Bitcoin and Ethereum continue to slide, reflecting mounting uncertainty and cautious investor behavior.

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