The Crypto Fear & Greed Index is hovering at levels lower than during the shock FTX collapse in late 2022, despite Bitcoin trading at roughly five times the price.
Crypto market sentiment remained in “extreme fear” on Friday, marking the 14th straight day that market sentiment has remained in the zone.
The sentiment-tracking Crypto Fear & Greed Index fell three points to a score of 20 out of 100 on Dec. 26, hitting a two-week stretch of “extreme fear” that started on Dec. 13, making it one of the longest periods in the zone since the index launched in February 2018.
Market sentiment has been trending down since early October after renewed US-China tariff fears wiped nearly $500 billion from the crypto market on Oct. 10.
