The cryptocurrency market is currently experiencing a downturn, as the Crypto Fear & Greed Index has plummeted to an alarming 15. This significant drop signals a widespread sense of fear and uncertainty among investors worldwide, potentially creating opportunities for savvy players. Why Is Extreme Fear Occurring? The index, which uses a scale from 0 to 100 to gauge market sentiment, dropped after a sharp decline in trading volume and heightened volatility across the crypto ecosystem. The index analyzes various factors including price fluctuations (volatility), trading activity levels, social media discussions, surveys of investors’ sentiment, Bitcoin dominance, Google search volume, and more. This dramatic five-point drop signifies growing anxieties amongst market participants.