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Bitcoin Fear & Greed Index: Extreme Fear Signals Market Shift

The Bitcoin Fear & Greed Index is currently signaling a state of “Extreme Fear,” with a disheartening score of 25, as Bitcoin experiences a significant price drop below $90,000 for the first time since August 2024.This dramatic shift in the Bitcoin price has not only impacted investor sentiment but has also sent ripples through the entire cryptocurrency market, which has seen a 10% decline in value within the last 24 hours.

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Bitcoin Fear & Greed Index Shows Extreme Fear Amid Dip

The Bitcoin Fear & Greed Index plays a crucial role in understanding market sentiment, especially as it recently plunged into ‘Extreme Fear’ territory, reflecting the current uncertainty surrounding Bitcoin’s price movements.With Bitcoin dipping below $90,000 for the first time since August 2024, this index now sits at 25, a stark contrast to the greedy market conditions observed when Bitcoin last peaked at $88,000.

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