The Crypto Fear & Greed Index has dropped to 21, signaling that the market is currently experiencing extreme fear among investors. This index is a tool utilized to gauge market sentiment, reflecting the emotions and behaviors of cryptocurrency traders. A lower score typically indicates that investors are feeling apprehensive about market conditions, which can lead to selling pressure. The recent decline to 21 highlights the prevailing anxiety within the crypto community, as participants react to market trends and news. Extreme fear can often prompt traders to seek a more cautious approach, potentially impacting market volatility and trading volumes in the short term.
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