Crypto Price Today: Bitcoin’s Fear and Greed Index Hits Extreme Low; What’s Next?
Author: Nidhi Kolhapur
 Sep 6, 2024 10:30

The possibility of further crypto selloffs in the near term increased as Bitcoin’s (BTC) price closed below the crucial support level of around $57k on Thursday. The flagship coin has dropped over 4 percent this week to trade about $56,786 on Friday, September 6, during the early Asian session. 
With the altcoin industry continuing to show further mid-term bearish sentiment, investors have shied away from buying until the correction cools off. Bitcoin’s fear and greed index dropped to 22 percent on Friday, denoting extreme fear of capitulation Ahead.