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Jafrin Ahmed
May 10, 2022
by Jafrin Ahmed

Bitcoin Fear and Greed Index Dives to ‘Extreme Fear’ Zone

Bitcoin
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.

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.

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Bitcoin Fear and Greed Index Dives to ‘Extreme Fear’ Zone
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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