Crypto Sentiment Index Falls to 56 as Bitcoin Faces October Pressure
The Crypto Fear and Greed Index has fallen from its August peak of 82 to 56, with oil, bond yields and ETF outflows weighing on Bitcoin.
The Crypto Fear and Greed Index has slipped to 56, down from a peak of 82 in August, according to Decrypt.
The decline brings the sentiment gauge back to levels seen in August before Bitcoin's rally, pointing to a more cautious mood in the crypto market.
Bitcoin has faced pressure in October from oil markets, bond yields and ETF outflows, alongside the retreat in investor sentiment.
Source: Decrypt
