On August 21, the Bitcoin price went under the $10,000 level and pulled the majority of top altcoins along with it.
Investors are scared more than ever before
The Fear and Greed Index for Bitcoin was created by the alternative.me website. When it is calculated, the authors look at various factors, such as volatility, market dynamics, Bitcoin trading volumes on various crypto exchanges, the Bitcoin Dominance Index, data from Google Trends, etc.
The index value after today’s update totals 5. This means that at present, cryptocurrency investors experience a deeper fear than, for example, in November or December 2018, when the market was dominated by the so-called crypto winter with the corresponding investor sentiment and panic.
Beastlorion crypto trader wrote on his Twitter page that Bitcoin had broken the bullish trend by going under $10,000.
