Crypto Market in Turmoil as Fear and Greed Index Reach 17-Month Low
Traders are now in a wait-and-watch mode as they approach the coming months, mainly eying macroeconomic data and decisions for cues on further positioning. The crypto market sell-off extended into its second week as bitcoin prices stopped at nearly $80,000 late Sunday, triggering a fresh decline in major tokens and altcoins. Dogecoin (DOGE) and Cardano’s ADA led losses with a nearly 10% slump over the past 24 hours, data shows.
- The crypto market's extreme fear index may be signaling an opportunity for contrarian investors to buy into the market, but will they be able to capitalize on this potential buying opportunity before it's too late?
- How can policymakers and regulators balance the need for lighter regulation with the risk of exacerbating market volatility in the cryptocurrency sector?