Crypto Fear & Greed Index Falls to Extreme Fear at 5 as Bitcoin Drops Over $3,000

Bitcoin dropped more than $3,000 within two hours on Monday, falling over 4% to around $64,300 and erasing weekend gains, Cointelegraph reports. The Alternative.me Crypto Fear & Greed Index fell to 5 out of 100, returning to "Extreme Fear" territory—a level seen only in August 2019, June 2022, and earlier this month since the index launched in 2018.