Bitcoin Magazine Bitcoin Price Crashes to $107,000 As Fear Index Flirts With “Extreme Fear”
Bitcoin price has tumbled to the $107,000 range as all markets enter a phase of pronounced caution.
According to the Bitcoin Fear & Greed Index, sentiment currently sits at 28/100, firmly in the ‘Fear’ category. The market would enter the ‘Extreme Fear’ category if the sentiment fell below 25/100.
The index, which gauges market emotion on a scale from 0 (extreme fear) to 100 (extreme greed), is a barometer for investor sentiment, highlighting periods when Bitcoin may be undervalued or overextended.
The current “fear” in the market and ensuing sell-off may be linked to a rising trade tension between the U.S. and China. President Donald Trump is set to address the nation from the Oval Office on Th