The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.
The Crypto Fear and Greed Index has just tipped into the “Extreme Fear” zone for the first time in two years, as United States spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading on Aug. 5.
The index, which measures market sentiment for Bitcoin and the broader cryptocurrency industry, fell to a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.
The index score was 67 this time last week on July 29 — marking one of the biggest week-to-week declines in recent years.
