Crypto Market Plunges as Fear Reaches New Heights

The crypto market experienced a dramatic sell-off this week, with investors witnessing over $230 billion wiped off the value of assets in a single day. This precipitous decline has pushed the Fear & Greed Index towards extreme levels of fear, mirroring a broader unease felt across traditional markets. 5% drop in market capitalization on Friday dragged total crypto market value down to about $3.54 trillion from $3.78 trillion the previous day.