
The crypto market sentiment index fell to 10, indicating extreme fear amid a 5% weekly Bitcoin drop and broader market losses driven by profit-taking, outflows, and macro uncertainty.
The Crypto Fear and Greed Index has plunged to 10, its lowest level since late February, reflecting extreme fear after a week of crypto market declines. Bitcoin dropped over 5% in the past seven days to just under $96,000, its lowest since early March, marking the second break below $100,000 this month. The overall crypto market, measured by the CoinDesk 20 index, lost 5.8% in value. Analysts cite profit-taking by long-term holders, institutional outflows, macroeconomic uncertainty, fading hopes for a Federal Reserve rate cut, and persistently low liquidity following October's crash as key causes.