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'Fear' grips Bitcoin as crypto market sentiment drops to lowest levels since April 2020

Published 05/14/2021, 05:04 AM
Updated 05/14/2021, 07:00 AM
'Fear' grips Bitcoin as crypto market sentiment drops to lowest levels since April 2020
BTC/USD
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Bitcoin (BTC) and altcoin traders are more nervous than any time in over a year as a classic sentiment gauge signals "fear" is driving the market.

According to the , cryptocurrency traders have not had such cold feet about the market climate since April 2020.

Crypto Fear & Greed Index. Source: Alternative.me
Bitcoin perpetual futures funding rates chart. Source: Rafael Schultze-Kraft/ Twitter

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