The Crypto Fear and Greed Index has dropped to a score of 18, indicating a state of “extreme fear” among cryptocurrency investors. This marks a decline from 20 recorded on Friday and is a stark contrast to the brief spike to 25 observed on Wednesday. The recent sentiment dip reflects ongoing geopolitical tensions involving the US, Israel, and Iran, which have dampened risk appetite.
Currently, 38% of altcoins are trading at or near their all-time lows, a situation deemed more severe than the aftermath of the FTX collapse. The recent market downturn has led to a significant 50% drop in crypto trading volume, as noted by CryptoQuant analyst Darkfost. Furthermore, mentions of altcoins on social media have plummeted to their lowest point in two years, signaling waning interest.
Investor confidence is further evidenced by a spike in Google searches for “Bitcoin going to zero,” reaching its highest volume since 2022. The overall crypto market has been in a bear phase since the major crash in October 2025, which dramatically reduced Bitcoin's value and erased substantial amounts from the altcoin market.