Crypto Plunges Amidst U.S.-China Trade War Fears: Fear & Greed Index Points to Extreme Concern

Global markets are experiencing a sharp downturn as tensions between the US and China escalate into a full-blown trade war. This volatility, fueled by escalating tariffs, is impacting not only traditional stock markets but also the crypto world. The CBOE Volatility Index (VIX) has jumped 11 percent in recent hours, reaching around 52.32, signaling further bearish sentiment for major global stock indexes. U.S Customs and Border Protection’s implementation of a significant tariff on goods from China further exacerbates the situation, leading to anticipated selloff after today’s market opens.