The crypto market is still struggling to fully shake off the fear that dominated most of April, even though Bitcoin and Ethereum prices have started to show signs of stabilization. The latest Crypto Fear & Greed Index from Alternative.me shows the market at 26, which keeps sentiment still in the fear zone. That is slightly better than last month’s extreme fear reading of 8.
Fear Has Eased, But Investors Are Still Not Comfortable
Sentiment improved gradually through the middle of the month, climbing into the 20s before briefly pushing into 46 and 67 on April 23 and April 27, respectively. Those two spikes were important because they showed that traders were beginning to respond to the rebound in prices when Bitcoin pushed above $78,000.
However, the index has now fallen back to 26, meaning the market failed to hold the stronger sentiment seen last week. A move from 8 to 26 shows that extreme panic has eased, but a fall from 39 last week to 26 now shows that the confidence is not strong yet.
