The value of the index of fear and greed in the crypto market has dropped to the levels of January 2023 and is in the “fear” zone - 28 points out of 100. In March, when the Bitcoin rate reached its maximum, the index value was in the “extreme greed” zone - 90 points .

A week ago, on July 1, the index value was 53 points. During this time, the price of the main cryptocurrency decreased by almost 10% at the exchange rate on the morning of July 8. From the Bitcoin price maximum and the local maximum of the fear and greed index in March, the Bitcoin rate dropped by 23% at the rate on the morning of July 8.