I just checked the fear and greed index in the crypto market and it remains in the red zone. The indicator is at 31 now, up 5 points from yesterday, but clearly we are in a state of total fear.



What's interesting is that the average over the past week is around 27, so volatility in cryptocurrencies remains quite strong. Over 30 days, the average is higher (43), which suggests that sentiment has worsened quite a bit in recent days.

This fear reading in the cryptocurrency market is typical when there is uncertainty. The index doesn't rise much but also doesn't fall, so the market remains indecisive. We will need to watch whether it stabilizes or continues to decline.
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