Crypto sentiment flips to ‘Fear’ as Bitcoin plunges after Trump’s tariffs
The last time the Crypto Fear & Greed Index dropped to this level of fear, Bitcoin’s price was trading around $80,000.
Crypto market sentiment has dropped to its lowest level in almost six months after US President Donald Trump announced a 100% tariff on China.
The Crypto Fear & Greed Index, which gauges overall market sentiment, fell to a “Fear” level of 27 in its Saturday’s update, representing a decline of 37 points from Friday’s “Greed” reading of 64.
The decline came as Bitcoin (BTC) briefly dipped to $102,000 on the Binance perpetual futures pair following Trump’s announcement of sweeping tariffs on Friday.