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Investor sentiment in the cryptocurrency market has taken a sharp turn toward extreme fear, with the crypto fear and greed index tumbling to 25—its lowest level since September 2024.
This dramatic shift comes as Bitcoin (BTC) drops below $93,000, triggering widespread sell-offs across major altcoins.
Ethereum (ETH) and Solana (SOL) have also suffered significant losses, plummeting 10% and 14%, respectively, while Bitcoin ETF outflows have crossed the $1 billion mark over the past two weeks.
The Fear and Greed Index, developed by Alternative.me, measures market sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed).
On Feb. 25, the index nosedived from 49 (Neutral) to 25 (Extreme Fear) in a single day, underscoring a rapid deterioration in investor confidence.
Several factors have contributed to the latest downturn in crypto prices:
Despite the market turmoil, analysts suggest that the reaction remains more measured than past crashes, such as the 2022 FTX collapse.
While extreme fear dominates, the resilience of long-term investors suggests the market may be maturing.
However, if macro pressures persist, Bitcoin and altcoins could face further downside.
For now, all eyes remain on Bitcoin’s next move, as traders watch whether the flagship cryptocurrency can reclaim key support levels or if further sell-offs will drive the market lower.
Other alt/meme coins like Handshake, Harmony, Hedera Hashgraph, HedgeTrade, Helium, Hive, Holochain, Horizen, Huobi Token, Hypercash, Hyperion, ICON, ICOS, ImmutableX, Injective, Internet Computer, IOST, IOTA, IoTeX, and JasmyCoin came under pressure due to the broader market effect and were trading in the red at the time of writing.
The post Crypto fear and greed index plunges to 25 as Bitcoin drops below $93K appeared first on Invezz
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