Market Sentiment Takes a Sharp Downturn
The latest data from Alternative.me shows the Crypto Fear & Greed Index plummeted to 5 today, down significantly from yesterday's 9, indicating a sharp deterioration in market sentiment.
Market Performance Amid Extreme Fear
With the index entering the 'extreme fear' zone, market conditions suggest potential for oversold rebounds, though uncertainty remains high. Investor morale is low, and trading volumes are highly volatile.
Future Trends to Watch
Historically, extreme fear phases are often followed by market recoveries. However, the current complex macroeconomic environment calls for cautious navigation of market swings.