Fear & Greed Index Crypto Plummets to 17! Bitcoin Freefalls to $75,000 – Panic Hits the Market?
Jakarta, Pintu News – A wave of fear hit the crypto world as Bitcoin (BTC) and altcoins plummeted sharply, rattling investors.
The Crypto Fear & Greed Index plummeted to extreme fear levels, while billions of dollars vanished from the market overnight. Traders are now preparing for the worst that could happen next.
“Economic Nuclear War”
The massive sell-off in the crypto market was triggered by growing fears of a global tariff war, which investor Bill Ackman called an “economic nuclear war.”
This uncertainty rattled the markets, causing Bitcoin to plummet by more than 9% and pushing major altcoins down by up to 14%. XRP (XRP), Cardano (ADA), and Dogecoin (DOGE) all fell below important support levels on Monday morning.
Read also: Crypto Black Monday Begins? Over $1 Billion Lost in Weekend’s Brutal Crypto Liquidation!
The Fear and Greed index recorded a drop to an “extreme fear” level of 17, according to data from Coinmarketcap. Bitcoin price fell to $75,000, dragging the total crypto market capitalization down by almost 10% to $2.4 trillion.
Berachain (BERA) was the hardest hit with a drastic 21% drop to a record low of $4.6 – now down more than 50% from its peak. Major tokens such as Aave (AAVE), Litecoin (LTC), Lido DAO (LDO), Maker (MKR), Movement, and Ethena (ENA) also saw sharp declines, dropping more than 15% each.
Over $1 billion in crypto positions were liquidated as the market crashed, with Bitcoin and Ethereum (ETH) accounting for a combined $638 million. More than 324,000 traders were affected, including one Bitfinex user who suffered a fantastic loss of $23 million. The Fear & Greed index fell back to 17, signaling the extreme fear sweeping the markets.
Charlie Sherry of BTC Markets called this drop unsurprising as the market is usually less liquid on Sundays, meaning a few big sell-offs could cause prices to fall quickly.
US Crypto Wallet Disclosure Trigger Relief Rally?
Edul Patel, co-founder and CEO of Mudrex, noted that investor sentiment is currently weak, with the Fear and Greed Index approaching the zone of “Extreme Fear.”
However, he sees a glimmer of hope: US federal agencies are scheduled to disclose their crypto asset holdings today, and a strong disclosure could trigger a much-needed relief rally in the market.
A White House official confirmed to journalist Eleanor Terrett that federal agencies are required to report their Bitcoin and crypto holdings to Treasury Secretary Scott Bessent by Monday.
Read also: 3 Memecoins with the Sharpest Decline Today (7/4/25), Impact of Crypto Liquidation?
These reports could potentially provide new insights into the extent of the US government’s exposure to digital assets.
In addition, some traders are still optimistic that a Bitcoin price breakout may be imminent, despite the market being in turmoil.
Arthur Hayes, co-founder of BitMEX, argues that while global tariffs are shaking up the market, this situation could actually be the trigger for a rally for Bitcoin.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Crypto Fear & Greed Index Crashes to 17 as Bitcoin Tanks to $75K. Accessed on April 7, 2025