(BTC) and most major altcoins have started the new week on a soft note and the Crypto Fear and Greed Index has dropped into the “extreme fear” zoneInvestors are still anxious, according to the arrow.

Bitcoin is down 17% over the past year, and the dollar has fallen 16% in the same period. There’s a close correlation between these two currencies. Comparatively, In 2022, gold rose more than 10% and its 50-day correlation coefficient with Bitcoin “is around minus 0.4, the lowest since 2018,” according to journalist Colin Wu.