Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock.
According to the Crypto Fear & Greed Index, as of Nov. 27, emotions are now at the most fearful since late September.
Fear & Greed, which takes a basket of factors to compute a standardized sentiment score for crypto markets from 1-100, currently sits at 21.
Friday took its toll on the metric, the score more than halving in 24 hours from its previous position of 47.
Those two readings correspond to sentiment going from "neutral" to "extreme fear" — missing out the "fear" zone altogether.
While an expected reaction, the upheaval apparent the emotional state of market participants is becoming a source of
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