Crypto Fear Greed Index Plunges to June 2022 Low Amid Market Uncertainty

Investor sentiment in the cryptocurrency market has plummeted, with the Crypto Fear & Greed Index reaching its lowest point since June 2022, hitting a score of 10 on Thursday, signaling "extreme fear". This decline mirrors conditions seen during the collapse of Terra, 3AC, and Celsius. The index, which measures market sentiment based on volatility, momentum, social media, and other factors, last saw such levels during the onset of the bear market in June 2022. The recent downturn is attributed to factors including potential tariffs and weak consumer sentiment. Bitcoin has fallen 22% from its all-time high, with altcoins like Ether and SOL experiencing even steeper declines. Despite the current fear, some analysts maintain a bullish outlook, noting that similar dips in the past have preceded significant market surges.