Crypto Market Plunges to “Extreme Fear” – Time to Buy?
Share:
Predictions Markets
See what traders are focused on
- The crypto market surprised many users by flipping into extreme fear.
- Most critical indicators reflected the crypto market’s bearish pressure.
- Bitcoin resisted the drop below $90,000.
The crypto market surprised many by flipping into extreme fear conditions, even though most crypto community members wait for an altcoin season.
A sudden price crash across almost all the top cryptocurrencies confused many users, leaving them unsure whether to hold on for a potential upside reversal or to sell their digital assets and avoid further losses.
“Extreme Fear” Index Signals Market Downturn
Data from CoinmarketCap reveal that almost all the critical indicators are bearish after Monday’s crypto market crash, which saw the total crypto market cap drop to $2.97 trillion as of writing.
The crypto market’s Fear and Greed Index slipped into an extreme fear figure of 29, generating varying opinions from analysts.
Related: Altcoin Crash Deepens, But Analyst Says Crypto Market Set to Rebound Soon
Altcoin Season “Extremely Low” – ETF Outflows Spike
The altcoin season index remained extremely low, with a value of 23, while the CoinmarketCap 100 Index drop…
The post Crypto Market Plunges to “Extreme Fear” – Time to Buy? appeared first on Coin Edition.
Read More
Bitcoin treasury company Empery Digital sold about half of BTC stack
