Markets opened today with a slight rebound, but sentiment remains frozen. Bitcoin trades just above $65,000 after recovering from a brutal overnight low of $60,000. The bounce is small comfort considering the scale of the recent selloff.
Ethereum now sits at $1,900, BNB is holding around $620, XRP is down to $1.30, and Solana struggles to stay afloat near $80. The entire crypto market cap has shrunk to $2.23 trillion.
Read also: Sentiment Split: Will Solana Fall Below $80 Next?
Historic Levels of Fear
The Fear and Greed Index has dropped to just 9 – one of the lowest readings in years. It marks the first return to single digits since the post-Luna crash in June 2022.
The alternative measure from CoinMarketCap fell even further, registering just 5. That is the lowest level recorded in the history of that indicator, reinforcing how shaken the market has become.
The drop follows back-to-back waves of bad news, ranging from tech sector instability to mounting macroeconomic uncertainty. The scale and speed of this decline seem to have caught many investors off guard. While some view extreme fear as a potential contrarian signal and opportunity to buy the dip, it’s clear the mood is far from stabilizing.
