Bitcoin’s Fear and Greed Index, compiled by Alternative.me, fell to 25, its lowest level since August 5, signaling “extreme fear” across the market. BTC’s decline accelerated after the Binance hack, the US midterm election results and the Wall Street crash, pushing the asset toward new multi-month lows. On Friday, BTC dropped to $74,800, its lowest level since the August breakout, before rebounding to $76,000. The last time the index reached this level, Bitcoin surged within a few weeks, although past performance does not guarantee a similar move this time.
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