"Will Bitcoin Fall Further?"...Crypto Fear & Greed Index Enters Extreme Fear

Uk Jin

Summary

The Crypto Fear & Greed Index fell by 24 points to 25 points, entering extreme fear.
Bitcoin is trading at $91,947, down 4.51% from the previous day.
Many altcoins, including Ethereum and XRP, have also fallen significantly, indicating market weakness.

According to the cryptocurrency data provider Alternative on the 25th, the Crypto Fear & Greed Index recorded 25 points, down 24 points from the previous day, entering the extreme fear stage.

As of 9:53 a.m. today, Bitcoin (BTC) is trading at $91,947 on CoinMarketCap, down 4.51% from the previous day.

Altcoins are also in a downward trend. At the same time, Ethereum (ETH) and XRP fell by 10.90% and 9.96%, respectively. Additionally, Binance Coin (-6.07%), Solana (-15.13%), Dogecoin (-13.21%), Ada (-11.02%), and TRON (-1.86%) are also showing weakness.

The Fear & Greed Index is an indicator that expresses market sentiment, with a score closer to 0 indicating extreme fear and closer to 100 indicating extreme greed. This index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).