# Extreme Fear Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Extreme Fear", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Crypto Fear and Greed Index Drops to Extreme Fear at 9

The Crypto Fear and Greed Index by CoinMarketCap has dropped to 9, indicating a state of "extreme fear" in the market sentiment. This marks a significant decline from 15 a week ago and 41 a month prior. The index hit a yearly low of 5 on February 6. Despite the persistently high market cap, sentiment has shifted aggressively. Bitcoin is trading around $70,505, Ethereum at $2,096, and Solana between $86.2 and $88.6. The overall crypto market cap has rebounded to over $2.4 trillion. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is a widely referenced tool for quantifying market sentiment.

TheNewsCrypto02/09 10:41

Crypto Fear and Greed Index Drops to Extreme Fear at 9

TheNewsCrypto02/09 10:41

Market Plunge, But These Crypto OGs Are Still 'Topping Up Their Faith'

Summary: On February 6, Bitcoin plunged 15.48% to $60,000, marking its largest single-day drop since the FTX collapse. The Crypto Fear & Greed Index hit 9, indicating "extreme fear" and a new low since the 2022 bear market. Despite widespread panic, several crypto veterans reaffirmed their conviction. Michael Saylor encouraged buying Bitcoin as a form of support. The founder of Base emphasized long-term commitment to building. Lily Liu, President of the Solana Foundation, argued that blockchain's core purpose is financialization, stressing the importance of protecting liquidity unity. She criticized the "Web3 narrative" as overly simplistic and called for creating new markets rather than relying on speculative narratives. Balaji expressed strong bullishness, stating that "code-based order" is rising as "rules-based order" collapses, making short-term prices irrelevant. He emphasized the need for on-chain companies and internet-native systems. The founder of Helius shared similar optimism, advocating for filtering out "tourists" to improve signal-to-noise ratio in the space. Linda Xie shared her experience of a 75% drawdown in 2018, advising against emotionally-driven decisions and emphasizing holding assets with strong fundamental belief. Crypto influencer神鱼 (Shenyu) succinctly stated: "1 BTC = 1 BTC." Overall, these leaders urge perseverance, focus on fundamentals, and long-term belief in crypto's transformative potential despite market volatility.

marsbit02/06 02:48

Market Plunge, But These Crypto OGs Are Still 'Topping Up Their Faith'

marsbit02/06 02:48

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