Crypto investors exhibit ‘extreme fear,’ similar to 2018 crash situation

The current sentiment of the cryptocurrency market is exhibiting “extreme fear,” according to Crypto Fear & Greed Index by Alternative.me.

The index has today hit a low of 10, a level last seen in August 2019 as well as in December 2018, when bitcoin crashed to around $3,000. Bitcoin is currently trading at about $6,300.

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“Extreme fear can be a sign that investors are too worried. That could be a buying opportunity,” said Alternative.me.

The firm calculates the value of the Crypto Fear & Greed Index daily, on a scale of 0 to 100. Near-zero levels indicate “extreme fear,” while near-100 levels suggest “extreme greed.”

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%).

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.