Crypto Market Plunges: Extreme Fear Grips Investors As Bitcoin Drops $20,000

Bitcoin’s recent decline of over $20,000 has triggered a wave of investor fear in the crypto market. This bearish sentiment marks a significant shift from the optimistic climate that prevailed just weeks ago, as the Crypto Fear and Greed Index currently sits at an extreme-fear level. The index’s dramatic plummet to 22 from a previous peak of 64 reflects this growing apprehension among investors.