Crypto Market Sentiment Hits Rare 'Extreme Fear' Zone

The latest reading of the Crypto Fear & Greed Index has sparked concerns about market sentiment. With a score of 8, it is currently in the 'extreme fear' range, a historically rare occurrence.

According to BlockBeats News, this is only the third time since June 2022 that the index has fallen to such low levels. Previously, it also dropped to 5 in August 2019.