Crypto sentiment nosedives to ‘extreme fear’ as Bitcoin drops under $106K
Bitcoin’s fall below $106,000 sent crypto sentiment into “Extreme Fear,” with the Fear & Greed Index plunging to its lowest level in nearly seven months.
Crypto market sentiment took a major fall on Tuesday after Bitcoin briefly fell below $106,000 for the first time in over three weeks.
The Crypto Fear & Greed Index on Tuesday dropped by half from the day before to a score of 21 out of 100, indicating “Extreme Fear” in the crypto market.
Bitcoin (BTC) fell to a 24-hour low of $105,540 on Monday, sliding from an intraday peak of over $109,000. It’s currently down 2% on the day, recovering above $106,500, per CoinGecko.