Crypto Fear and Greed Index drops back to ‘extreme fear’
Investor sentiment slid back into extreme fear territory as geopolitical tensions and macro uncertainty continue to pressure crypto markets.
The Crypto Fear and Greed Index, one of the most widely used gauges of crypto investor sentiment, has fallen back to “extreme fear” levels after briefly recovering on Wednesday.
The index stood at 18 at the time of writing, down from 20 on Friday, according to CoinMarketCap data. A reading of 20 indicates “fear,” reflecting cautious sentiment among investors.
Sentiment briefly spiked to 25 on Wednesday, but slipped again as geopolitical tensions between the US, Israel and Iran weighed on risk appetite and increased macroeconomic uncertainty for investors.