If trader sentiment is any guide, cryptocurrencies could snap back or at least stop selling off after one of their worst quarters in history.
The crypto Fear and Greed Index climbed to 19, marking the highest point in two months, according to Arcane Research. The measure is pushing toward the “fear” area after sitting comfortably in the “extreme fear” level, the firm’s analysts said in a note.
“The sentiment in the crypto market has been depressed for several months, but we’re seeing a slight improvement this week,” they wrote.
