Crypto Fear and Greed Index drops to 12 as global selloff deepens
The Crypto Fear and Greed Index stood at 12 on June 6, its lowest in weeks, as Bitcoin dropped to $61,100 and losses spread across every major coin. The Alternative.me index measures sentiment on a scale of zero to 100. At 12, the market sat deep in extreme fear, down from 13 on June 5 and about 52 a week earlier. Bitcoin fell to its lowest intraday level since February as capital kept draining from crypto funds.