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Man, the fear and greed index remains in extreme pessimism territory. The score is at 10, which is much lower than the 20 we saw last month. Basically, the market is really scared. This fear and greed index accurately reflects the negative sentiment currently dominating — investors are quite apprehensive. The consecutive drop in this index shows that the sentiment continues to worsen. Maybe it's time to take a closer look at what's happening in the cryptocurrency market.