The metric fell to 25 in early July as BTC plummeted to $53,000 amid sell pressure from the German and U.S. governments and Mt. Gox distributions. Prices then climbed 32% to nearly $70,000 by the end of the month. The early August crash to $49,000 pushed the index into the extreme fear zone of 17, subsequent to which bitcoin rebounded 32% to $65,000 in three weeks.
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