Question #611 ·
Why did the Crypto Fear & Greed Index drop from 61 to 20 and what does ‘extreme fear’ indicate for Bitcoin’s market mood?
- High adoption rates and positive economic reports increased bullish sentiment toward Bitcoin investors
- Strong investor optimism and stable markets triggered excessive confidence among market participants today
- Sharp price swings and negative news drove panic and low confidence in Bitcoin Right answer
Why is this the correct answer?
This is correct because sudden market volatility combined with unfavorable headlines often triggers emotional selling and erodes investor trust, reflecting extreme fear.