Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows

After a red hot summer lifted Bitcoin and the rest of crypto out of a brutal bear market, sentiment has now clearly shifted, bucking typically reliable seasonal trends. Bitcoin is now trading just above $82,000, down close to 5% for the week, and the cryptocurrency market’s Fear and Greed Index fell to 56 on Monday, a “neutral” reading, after reaching “extreme greed” in late August. The Fear and Greed Index is a 0-to-100 gauge that measures investor appetite, where 0 is extreme fear and 100 extreme greed. The index peaked at 82 on Aug.

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