Fear and Greed Index Shows Signs of Recovery Amid Market Correction

Crypto markets have been shaken by recent volatility, echoing a 2021 correction triggered by China’s mining ban. While no global regulatory action has caused this downturn, macro-economic shifts, debate surrounding regulations, and profit-taking are contributing to uncertainty. This recent downturn is reminiscent of the 2021 shock when China banned Bitcoin mining nationwide. As in 2021, fear remains a lingering factor amongst retail investors.