The Crypto Fear & Greed Index, which reflects market sentiments and emotions, fell to 44 following a market crash triggered by U.S. President Donald Trump's tariff announcement.
Decline in Fear & Greed Index
Today, the Crypto Fear & Greed Index recorded its lowest point in 4 months, dropping to 44. This followed President Donald Trump's announcement of new trade tariffs, leading to a 12% drop in the total crypto market cap.
Market Reaction
Bitcoin fell over 5% but later recovered, climbing 4% to $95,000. Ethereum rose to $2,600 after hitting a 24-hour low of $2,368. Meanwhile, Tether also showed resilience, returning to $1.
Situation Analysis
Despite the current dip, analysts do not foresee a long-term trend. Some believe such events could even have a stabilizing effect on the market, considering the involvement of large institutional investors.
The Fear & Greed Index has dropped to new lows, but the recovery of certain cryptocurrencies indicates market resilience and potential for further growth.
