Bitcoin's recent crash to $105,000 has sent shockwaves through the cryptocurrency market, pushing the Fear & Greed Index into extreme fear territory. This index, created by Alternative, gauges trader sentiment based on various factors like volatility and trading volume. The current sentiment reflects widespread anxiety among traders, which could impact future market movements. Understanding these shifts is crucial for investors as they navigate the volatile landscape of cryptocurrencies.

Bitcoin's price has plummeted to $107,000, raising concerns as the Fear Index indicates a state of 'Extreme Fear' among investors. This significant drop highlights the volatility of the cryptocurrency market and the psychological impact it has on traders. Understanding these fluctuations is crucial for investors as it can influence their decisions and strategies moving forward.