Odaily reported that the Crypto Fear and Greed Index data shows that the current sentiment of cryptocurrency market investors has dropped to a low point in nearly three years, with the index falling below 20, a level last seen in July 2022, a month after plummeted to $17,500. At that time, the market was in a state of extreme panic after experienced a monthly decline of over 37% in June 2022. Currently, a combination of multiple factors has once again led the market sentiment to a similar level. Bitfinex analysts pointed out that "the sharp decline in price, regulatory uncertainty, security vulnerabilities, and the devaluation of have led to extreme fear in the cryptocurrency market." Despite the gloomy market sentiment, analysts expect to find support in the range of $72,000-$80,000. (Cointelegraph)