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Crypto investors are into ‘extreme fear,’ similar to 2018 crash situation

Crypto investors are into ‘extreme fear,’ similar to 2018 crash situation

The present sentiment of the cryptocurrency market is exhibiting “extreme fear,” in accordance to Crypto Fear & Greed Index by Alternative.me.

The index has at the moment hit a low of 10, a degree final seen in August 2019 in addition to in December 2018, when bitcoin crashed to round $three,000. Bitcoin is at the moment buying and selling at about $6,300.

“Extreme fear can be a sign that investors are too worried. That could be a buying opportunity,” stated Alternative.me.

The agency calculates the worth of the Crypto Fear & Greed Index every day, on a scale of zero to 100. Near-zero ranges point out “extreme fear,” whereas near-100 ranges recommend “extreme greed.”

Alternative.me takes into consideration 5 elements for calculating the index: Volatility (weight: 25%), Market Momentum/Volume (25%), Social Media (15%), Surveys (15%), Dominance (10%) and Trends (10%).

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