Cryptocurrency Markets Remain in Extreme Fear Territory

The Crypto Fear & Greed Index has become a widely recognized metric for measuring investor sentiment in the cryptocurrency market.

With its current reading of 13, it indicates that the market remains in 'Extreme Fear' territory, suggesting widespread investor caution and risk aversion.

This fear is not limited to the cryptocurrency market alone; traditional markets also show moderate anxiety levels. However, the divergence between these two sets of markets may be attributed to the unique characteristics of cryptocurrencies, such as their 24/7 trading nature and different participant demographics.