Crypto Market Crumbles To Extreme Fear, Is It Time To Buy?

Crypto is still holding up to all of the onslaughts. It, like other financial markets, has been subject to a lot of stress following the political tensions that continue to rage on. However, investors have found solace in the digital assets that have continued to hold up. Although returns have not been great, there has not been too high a slip in prices. But it hasn’t helped market sentiment much. The crypto market is propelled a lot by investor sentiment. Depending on where sentiment skews, it can be an indicator of where the market is headed. Currently, market sentiment is very much in the negative territory as evidenced by the Fear & Greed Index. Market Falls To Extreme Fear The Fear & Greed Index is an index that measures market sentiment across a number of factors. Using this, it puts out a number on a scale that shows how investors are feeling about the market. This week has not been a good one for the crypto market in terms of sentiment as it has fallen deep into the fear territory. After spending the majority of last week in the neutral territory, the Fear & Greed Index has not pointed its finger at Extreme Fear. Related Reading | Green Mining Company HIVE Secures Deal To Buy A Number Of Intel’s New ASICs The fall into this territory comes as a result of declining prices. Coming out of the weekend, bitcoin which had managed to recover to the $40K-$44K level last week had begun to slip up. By the time t...