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Bitcoin ‘Fear Gauge’ Screams Red as BTC Flatlines Below $8,500

The bitcoin price collapsed in the last 24 hours, shedding $1,500 in a dramatic selloff. The plunge hit altcoins even harder, wiping a total $38 billion off the cryptocurrency market capitalization. As panic spreads across the market, a little-known trading indicator called the ‘fear and greed index’ flashed red. At a reading of 15, it indicates ‘extreme fear’ in the cryptocurrency market - the lowest in more than a month. But to some investors, this signal might indicate a buying...

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