CMC Crypto Fear and Greed Index hits record low as market panic deepens
Key Takeaways
- Market fear has hit an unprecedented level, according to the CMC index.
- The index measures market sentiment by analyzing volatility, trading activity, and momentum in the crypto sector.
Today, CoinMarketCap’s Crypto Fear and Greed Index fell to 11, its lowest reading on record and the deepest extreme-fear level the indicator has ever captured.
The index, a market sentiment tool from CoinMarketCap that evaluates factors such as volatility, trading activity, and momentum, assesses investor emotions ranging from fear to greed in crypto markets.
Recent market discussions suggest current fear levels mirror those seen at historical market bottoms, with analysts noting potential capitulation among investors. Based on historical patterns, extreme fear readings have previously coincided with buying opportunities as markets reached turning points.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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