Crypto Fear And Greed Index Drops To Lowest Since October As Crypto Market Slumps
The Crypto Fear and Greed Index has plunged to levels last seen in October as Bitcoin and the rest of the crypto market tumble in the last days of 2024. The index, which tracks investor sentiment in the crypto market, has fallen to a “Greed” reading of 65. This is an 8 point drop from yesterday’s reading of 73 and is 5 points lower than the reading a week ago. It’s also the lowest since Oct. 15. Trump Euphoria Had Kept The Crypto Fear And Greed Index Above 70 – Until Now Since Donald Trump’s victory in the US presidential election, investor sentiment in the crypto market turned more positive amid anticipation of more relaxed and favorable crypto regulation. Since Trump emerged victorious, the Crypto Fear and Greed Index has stayed above 70 up until the recent drop. A month ago, the Index reached an “Extreme Greed” reading of 85 after peakingat 94 on Nov. 22 as pro-crypto politicians won seats in the Senate and House of Representativ...