Crypto Markets Plummet as Fear Index Reaches April Lows

The cryptocurrency market experienced a significant downturn this week, with a substantial decline in valuations and heightened volatility driven by global financial concerns. Major cryptocurrencies like Bitcoin and Ethereum witnessed notable losses, reflecting broad risk aversion. The Crypto Fear & Greed Index dropped to levels last seen in April, further signaling increased market anxiety. This bearish trend led to over $230 billion being wiped off the cryptocurrency sector in a single day.