With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped down to ‘extreme fear’ territory. The index, compiled by Alternative.me, dropped to 10, from 30 just last month, tracking Bitcoin’s steep losses. Bitcoin Registers Extreme Fear The Bitcoin Fear and Greed Index (BFGI) has once again reached the “extreme fear” level, as the price of cryptocurrencies continues to decline. The Fear and Greed Index is at its lowest level since late January, with a reading of 10 as of this writing. Bitcoin Fear and Greed Index is 10. Extreme FearCurrent price: $29,913 pic.twitter.com/JZFFK2esWY — Bitcoin Fear and Greed Index (@BitcoinFear) May 10, 2022 BTC’s latest fall to $30,000 has instilled ‘Extreme Fear’ among the minds of investors. The last time we saw this much fear in the market was during the first correction from $69,000 to $33,000. Alternative.me says a reading of ”extreme fear” may be a sign that investors are “too worried,” suggesting a possible buying opportunity. The flagship cryptocurrency has lost 15% in the past five days and is off 21.2% over the past month and has plunged 29.4% so far this year. At the time of writing, BTC is trading at $31,910, down 4.3% from the past 24 hours.The post Bitcoin Fear and Greed Index Dives to ‘Extreme Fear’ Zone appeared first on Cryptoknowmics-Crypto News and Media Platform.
