With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped into an extreme fear territory once again.
Ever since the end of March, the landscape around the primary cryptocurrency has been rather bearish.
May is not going well either so far.
Somewhat expectedly, this violent price crash resulted in a change in the overall market sentiment, shown by the Bitcoin Fear and Green Index.
It has been in a fear territory since mid-April, but the latest price dumps drove it to extreme fear.