Bitcoin Faces Extreme Fear as Cryptocurrency Market Sentiment Plummets to 18

On April 9th, COINOTAG News reported that the current **cryptocurrency Fear and Greed Index** has plummeted to **18**, down from **24** the previous day, indicating a heightened level of **market apprehension**. This steep decline reinforces prevailing sentiments of “Extreme Fear” within the crypto landscape. The Fear Index operates on a scale of **0-100**, synthesizing several key indicators including **Volatility** (25%), **Market Trading Volume** (25%), **Social Media Buzz** (15%), and **Market Surveys** (15%). Notably, Bitcoin’s dominance within the market contributes another **10%** to the index, while **Google Trends Analysis** accounts for the final **10%**. This comprehensive approach helps gauge investor sentiment and can be pivotal for strategizing in the **volatile cryptocurrency market**. Investors are advised to exercise caution and remain informed as **market dynamics** continue to fluctuate amid these fearful conditions.