The Crypto Fear and Greed Index has plummeted back to 'extreme fear' levels, registering a score of 18, down from 20 last Friday. This decline follows a brief recovery to 25 on Wednesday, as ongoing geopolitical tensions involving the US, Israel, and Iran continue to dampen investor sentiment. The index, a key measure of market mood, reflects heightened caution among investors amid macroeconomic uncertainties.
The crypto market has been in a downturn since the October 2025 crash, which halved Bitcoin's value from its peak and wiped out significant altcoin market capitalization. Currently, 38% of altcoins are near all-time low prices, exacerbated by a 50% drop in trading volumes. Social media mentions of altcoins have also hit a two-year low, while Google searches for "Bitcoin going to zero" have surged, indicating widespread investor pessimism.
Crypto Fear and Greed Index Drops to 'Extreme Fear' Amid Market Uncertainty
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