Bitcoin Fear & Greed Index

Bitcoin has seen a notable decline of nearly 6%, falling back below the critical $60,000 threshold, largely attributed to recent outflows from exchange-traded funds (ETFs) linked to the cryptocurrency.

This drop comes as the market grapples with heightened investor sentiment characterized by extreme fear, as indicated by a coverage score of 0. Despite the recent volatility, the adjusted sentiment score stands at 69, suggesting a cautious yet somewhat resilient outlook among investors.

The recent rate of change, recorded at -0.0563 over the past three days, further underscores the downward momentum in Bitcoin's price action, reflecting a broader trend of uncertainty in the crypto market.