The Last Time This Happened to Bitcoin Was 8 Months Ago
The recent cryptocurrency market crash erased some of the enthusiasm among investors, many of whom expected a renewed bull run and hopped on the bandwagon en masse in the past few months.
The popular Bitcoin Fear and Greed Index entered “Fear” territory on August 18 (the day BTC nosedived to nearly $25,000), remaining in that zone ever since. The last time the indicator flashed “Fear” for four consecutive days was in January when the primary digital asset was worth less than $20K.
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