Key Highlights
- The Crypto Fear and Greed Index has reached an all-time low of 5 on CoinMarketCap, signaling “Extreme Fear” and reflecting a sharp drop from the neutral 40 level in mid-January.
- Bitcoin has fallen below $60,000 for the first time since October 2024, marking a 38% drop from its January high of $97,800 and a 48.5% plunge from its all-time high of $126,198 in October 2025.
- The total crypto market cap has shrunk by nearly $1.4 trillion in three weeks, from $3.17 trillion to $2.22 trillion, with major altcoins like Ether (down 31%), Solana (down 32%), and others losing 20-32% in the past seven days.
The Crypto Fear and Greed Index has hit its lowest point in history at ‘Extreme Fear’ on CoinMarketCap. Echoing the recent market sentiment, where Bitcoin dipped to below $60,000 for the first time since October 2024, the index has plummeted to 5 from the neutral zone of 40 in mid-January.
Data shows that the index broke into the ‘Extreme Greed’ zone during early and late 2024 when Bitcoin price reached to subsequent new highs. This level often drives significant selling, largely on profit-booking, while the selling during ‘Extreme Greed’ follows losing trust from investors.
Similarly used for stock markets, the Fear and Greed Index ranges from 0 to 100, where a lower number moves to extreme fear and a higher value indicates extreme greed. This measurement helps investors understand the fundamental and emotional state of the market, which essentially influences buying and selling behaviors in the markets. It also indicates whether the market may be undervalued (extreme fear) or overvalued (extreme greed) at the time.
The index for the U.S. stock markets also shows Fear at 33, which is quite decent compared to that of crypto markets. It consists of seven different indicators that measure different aspects of stock market behavior—including market momentum, stock price strength, stock price breadth, put/call options, junk bond demand, market volatility, and safe haven demand.
The broader market crash
The selling in crypto markets has intensified in the past few weeks, with Bitcoin price falling from the January high of $97,800 to dipping to $59,930 earlier today on February 6, as per market data. This marks a decline of roughly 38% from the past month alone.
At the time of publishing, Bitcoin is trading near $65,000—down 8.4% in the past 24 hours. Its current price level shows a drop of 48.5% from the all-time high of $126,198, marked on October 7, 2025, as per CoinMarketCap data.
Following the largest cryptocurrency, altcoins took the hit too with most down double digits from monthly highs. In the past seven days, Ether (ETH) is down 31%, BNB and XRP 26%, while Solana (SOL) has taken the biggest hit of 32% among all large-cap alts. Other blue-chip crypto assets—including BCH, ADA, LINK, XMR, LTC, etc.—have also lost over 20% of their market value.
During the market wide crash, the total crypto market capitalization fell from $3.17 trillion to $2.22 trillion, losing nearly $1.4 trillion in the span of just three weeks. Moreover, daily liquidations in leveraged positions within the crypto markets have also frequently hit new levels, even higher than that of FTX crash and covid sell-offs.
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