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Crypto market sentiment dived 24 points to “Extreme Fear” on Feb. 25 as US President Donald Trump said 25% tariffs against Canada and Mexico are on schedule.
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Crypto sentiment has nosedived over the past 24 hours alongside a broader market decline as US President Donald Trump reiterated that his planned tariffs against Mexico and Canada were “going forward.”
The Crypto Fear & Greed Index, which rates market sentiment out of a total possible score of 100, fell to a score of 25 points on Feb. 25 — signaling “Extreme Fear.”
It’s a drop of 24 points from a day earlier when the index was at a score of 49, showing the market was “Neutral.”
The market drop comes as Trump said at a news conference on Feb. 24 with French President Emmanuel Macron that his planned 25% tariffs on Canada and Mexico “are going forward on time, on schedule.”
The last time the index hit “Extreme fear” — which is a score of 25 or lower — was on Sept. 7 when Bitcoin (BTC) fell to around $54,000 after having fallen 7% over the previous two days.
Crypto sentiment index scores over the past 12 months. Source: alternative.me
Bitcoin has fallen 4.5% over the last 24 hours to under $92,000 — its lowest price since late November, according to CoinGecko.
Related: Crypto market weakness sparks $86K Bitcoin price target next
The wider crypto market has also tumbled over the last day, with its total market value falling nearly 8% from over $3.31 trillion to around $3.09 trillion.
The wider US market has also seen a dip, with the S&P 500 having fallen by 2.3% in the last five trading days, while the Nasdaq Composite has dropped 4% over that same time.
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This article first appeared at Cointelegraph.com News
