Crypto investors took the digital asset markets lower as bitcoin {{BTC}} fell below $54,000, reaching the most negative levels. 😱
The Crypto Fear & Greed Index created by Alternatif.me shows market enthusiasm for bitcoin and other major cryptocurrencies. 0 means extreme fear, 100 means extreme ambition. 😰
The index fell to 29 on Friday, marking bitcoin's deepest dive into fear territory since January 2023 when it traded around $17,000 in the wake of 2022's crushing bear market. 😨
So, has the bottom reached?
Extreme levels of fear may present buying opportunities, but the reality is more complex and several factors must be considered. 😏
So what do you think? We are waiting your comments! 🤔#DeFi#Web3
(Note: Comments not related to DeFi, Web 3 will be responded to as "This comment is irrelevant".)