<p>The current sentiment of the cryptocurrency market is exhibiting “extreme fear,” according to Crypto Fear &amp; Greed Index by Alternative.me.</p> <p>The <a href="https://alternative.me/crypto/fear-and-greed-index/#data-sources">index</a> has today hit a low of 10, a level last seen in <a href="https://www.theblockcrypto.com/linked/36092/bitcoin-investors-suddenly-exhibit-extreme-fear-similar-to-dec-2018-situation">August 2019</a> as well as in December 2018, when bitcoin crashed to around $3,000. Bitcoin is currently trading at about $6,300.</p> <p>“Extreme fear can be a sign that investors are too worried. That could be a buying opportunity,” said Alternative.me.<br /> <br /> <img class="aligncenter size-large wp-image-60262" src="https://www.tbstat.com/wp/uploads/2020/03/paint-1200x572.png" alt="" width="1200" height="572" /></p> <p>The firm calculates the value of the Crypto Fear &amp; Greed Index daily, on a scale of 0 to 100. Near-zero levels indicate “extreme fear,” while near-100 levels suggest “extreme greed.”</p> <p>Alternative.me takes into consideration five factors for calculating the index: Volatility (weight: 25%), Market Momentum/Volume (25%), Social Media (15%), Surveys (15%), Dominance (10%) and Trends (10%).</p>