Market sentiment in the cryptocurrency market has dropped to the 'fear' zone, with the CMC Fear Greed Index falling to 29

Market sentiment turns to fear, BTC investors are cautious and watchful

According to the latest Crypto Fear and Greed Index from CoinMarketCap (CMC), the market sentiment has dropped to 29 (Fear), indicating that investors are cautious about the market outlook. The index measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed). Lower values may indicate that the market is undervalued, while higher values may suggest an overheated market.

Recent market sentiment trend: shifting from greed to fear

Historical data shows that market sentiment has undergone significant changes in the past month:

Yesterday's index: 40 (neutral)

Last week's index: 38 (Fear)

Last month index: 61 (greed)

This indicates that investor sentiment is gradually turning conservative and market confidence is weakening.

Annual high and low: extreme emotional fluctuations

In 2024, the cryptocurrency market experienced significant emotional volatility:

Yearly High (March 12): 92 (Extreme Greed)

Annual low point (September 7): 26 (Fear)

This extreme volatility indicates that the market is more influenced by price fluctuations, regulatory policies, and macroeconomic factors, and investor sentiment changes rapidly.

Market Outlook: Can Fear Bring Buying Opportunities?

When the market is in the 'fear' zone, some investors may see it as an opportunity to buy on dips, while others may choose to wait and see to avoid further downside risk. Whether the future market sentiment will rebound will depend on the trend of BTC prices, macroeconomic conditions, and changes in the regulatory environment.

Investors should closely monitor market trends and make corresponding strategies based on their risk tolerance.

This article The crypto market sentiment has dropped to the 'fear' zone, with the CMC Fear and Greed Index falling to 29 first appeared on Chain News ABMedia.