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Crypto Fear and Greed Index Now in ‘Extreme Fear’ Territory

Bitcoin has lost 15% of its value in the past five days, is off 21.2% over the past month, and has plunged 29.4% so far this year.


Cryptocurrencies
Bitcoin has plunged 29% this year. Photo: Reuters.

 

The Crypto Greed and Fear Index has plunged into ”extreme fear” territory as Bitcoin plummets.

The index, compiled by Alternative.me, dropped to 11, from 18 yesterday and 30 just last month, tracking Bitcoin’s steep losses.

The world’s best-known cryptocurrency has lost 15% in the past five days, is off 21.2% over the past month and has plunged 29.4% so far this year. If you invested in Bitcoin a year ago, you’ve lost 42% of your money. Bitcoin was trading at $33,684.80 at 9am GMT.

Alternative.me says a reading of ”extreme fear” may be a sign that investors are ”too worried,” suggesting a possible buying opportunity.

 

 

Crypto Fear & Greed Index on May 9 , 2022

ALSO ON AF: Four Things to Know After the Crypto Crash Carnage

 

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

Richa Gandhi

Richa Gandhi is a Data Journalist with Asia Financial News Group and has a special interest in data analytics. She is a post graduate in Statistics from Pune University in India. You can reach out to her on Twitter at @RichaG18.

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