Crypto market enters ‘extreme fear’ as analysts warn of Bitcoin below $50K
Market analyst concerns over a correction below $50,000 are mounting, as crypto market sentiment returns to early August lows.
Crypto market sentiment has dropped to an over one-month low, as analysts warn of a potential Bitcoin (BTC) price correction below $50,000 as soon as this weekend.
The Crypto Fear & Greed Index, a multifactorial measure of crypto market sentiment, fell to a one-month low of 22, last seen at the beginning of August.
Fear & Greed Index. Source: alternative.me
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Author: Zoltan Vardai
