Crypto Market in “Extreme Fear”: Time to Buy Low?

• The crypto market is under severe bear pressure.
• Bitcoin lost nearly 24% in the past month.
• Experts consider “Extreme Fear” a buying opportunity.

The crypto market is under severe bear pressure, and a glance across the price chart of the top cryptocurrencies reveals this. Bitcoin, the largest cryptocurrency by market capitalization, lost nearly 24% in the past month, leading other cryptos to a massive loss of value in the cryptocurrency market.

Last month’s events have changed the crypto market narrative, flipping a once bullish market into a significantly bearish environment. The swift change in narrative impacted users’ sentiments, with the crypto market moving from a greedy sentiment to extreme fear in less than 30 days.

Fear and Greed Index: A Rapid Shift in Sentiment

A historical assessment shows the crypto market was “Greedy” last month and “Neutral” a week ago before shifting into “Extreme Fear” in the past few days. How quickly things changed in the market has triggered FUD, leaving many traders confused and unsure whether to hold on to their positions or to sell off their portfolios.

Related: Crypto Market Plunges to “Extreme Fear”…

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