Fear in the crypto market Fear and Greed Index at three-year low

The Crypto Fear and Greed Index hit its lowest level in almost three years at six points over the weekend.

With currently nine points, the index is still in the “Extreme Fear” area.

The all-time low of August 22, 2019 is five points.

Even when the pandemic broke out and the market crash that followed, the index was marginally higher.

The Fear and Greed Index is intended to provide information about investor sentiment on the market.

The score is measured using Google Trends, hashtags on Twitter or market volatility.

The low reading correlates with the recent downtrend in crypto market prices.

At the start of the week, the majority of cryptocurrencies recovered somewhat. On a daily basis, the total market capitalization increased by five percent to $963 billion.

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