Crypto Fear And Greed Index Hits Lowest Level Since October As Bitcoin Falls Under $92K, Dogecoin And Shiba Inu Trade In Red
Posted On January 10, 2025
The CMC Crypto Fear and Greed Index has plummeted below 50, reaching its lowest point since Oct. 14. This drop coincides with Bitcoin‘s (CRYPTO: BTC) price slipping under $92,000, marking a notable change in market sentiment.
What Happened: As of 3:20 am ET on Friday, Bitcoin was trading at $94,708.791 while the index stood at 42. The CMC Fear and Greed Index, a proprietary tool by CoinMarketCap, gauges the prevailing sentiment in the cryptocurrency market. This index, ranging from 0 to 100, reflects the emotional state of the market, influencing investor behavior.
A lower index value signifies extreme fear, while a higher value suggests extreme greed. The index aids investors in assessing …