The crypto market sentiment has been on the decline over the last year and it has come in tandem with the decline in bitcoin price. Bitcoin, which moves the entirety of the crypto market most times, has had a tough go of it in recent times. Now, as the pioneer cryptocurrency continues to struggle to hold a good value in the market, sentiment has plunged towards 3-month lows. Market In Extreme Fear The crypto market is now entering what is one of the longest fear trends in recent history. Over the last six months, there has not been any significant recovery in market sentiment. The last time that the crypto market had come close to completely exiting the fear territory was back in August when there was some recovery in the market. Related Reading: $185 Million Worth Of AXS Tokens Set To Be Unlocked, Time To Get Out Of Axie Infinity? During this time, the price of bitcoin had seen a run-up that put it above $25,000. However, it had stopped just short of entering the green territory and has remained down since then. For three months now, market sentiment has remained muted and has not seen any positive movement. The score for last week came out to 22 which put the market firmly in the extreme fear territory, also following the same theme for the month of September. Market sentiment in extreme fear | Source: alternative.com It was expected that the market would see some recovery in the month of October but there hasn’t been m...
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