Crypto market sentiment has taken a dramatic turn in light of events taking place in the space. The Fear & Greed Index which tracks sentiment across a number of metrics and puts the data into four categories has shown that investor sentiment has taken another nosedive. This time, plunging the market back into the extreme fear territory, signaling the return of market sell-offs. Investors Are Losing Faith After spending a long stretch of time in the greed territory last year, the Fear & Greed Index had moved back into the fear territory following major crashes towards the end of the year. It had hit a low of 11 on the chart at the beginning of 2022 as the market spent the majority of the month in the extreme fear territory. A small reversal in the market had pulled it out into neutral but this would only last for a short time. Related Reading | 30% Of Bitcoin Supply Enters Into Loss As Price Continues Decline The crypto market has now gone back into extreme fear after touching back into greed for the first time in fall months. This coincided with the recovery of bitcoin above $40K, taking most of the market with it. However, with geopolitical and macro uncertainty still a big issue, it has affected the sentiment in the broader financial markets and this has spilled over into crypto. Crypto Fear & Greed Index | Source: Arcane Research The index opened Wednesday in the extreme fear area with a low score of 2...
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