Crypto investors exhibit ‘extreme fear,’ similar to 2018 crash situation

Cryptocurrency • March 30, 2020, 7:05AM EDT
UPDATED: March 30, 2020, 7:45AM EDT
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The current sentiment of the cryptocurrency market is exhibiting “extreme fear,” according to Crypto Fear & Greed Index by Alternative.me.

The index has today hit a low of 10, a level last seen in August 2019 as well as in December 2018, when bitcoin crashed to around $3,000. Bitcoin is currently trading at about $6,300.

“Extreme fear can be a sign that investors are too worried. That could be a buying opportunity,” said Alternative.me.

The firm calculates the value of the Crypto Fear & Greed Index daily, on a scale of 0 to 100. Near-zero levels indicate “extreme fear,” while near-100 levels suggest “extreme greed.”

Alternative.me takes into consideration five factors for calculating the index: Volatility (weight: 25%), Market Momentum/Volume (25%), Social Media (15%), Surveys (15%), Dominance (10%) and Trends (10%).

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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