Well, well, well. The crypto fear and greed index has plunged to a miserable 25. Yes, that’s right. The lowest level since September 2024. If you were hoping for some good news today, I’m afraid this isn’t it. Bitcoin has also fallen below $93,000, so brace yourselves for the dramatic fallout. 😬
they were wrong. 💣
But wait, there’s more! Could macroeconomic uncertainty be the culprit behind all this? Perhaps. The market seems to have been spooked by U.S. President Donald Trump’s Feb. 24 announcement that 25% tariffs on Canada and Mexico are going ahead. Because, you know, trade wars are just the thing to make everything more fun. 🤑 Plus, inflation numbers are still too high for the Fed to make any moves, so borrowing rates are staying put. What a lovely cocktail of uncertainty.
And don’t even get me started on the Bybit hack. A cool $1.4 billion was snatched away, and while Bybit has somehow managed to cover the loss (kudos, I guess?), market sentiment is still reeling. Security concerns? Oh, absolutely. 🚨
But here’s a silver lining, or at least a slight shimmer of hope: analysts point out that the crypto market’s response is more measured this time around than it was during the FTX collapse in 2022. So there’s that. If you squint hard enough, you might just see the market maturing. Gotta love that silver lining. ✨
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2025-02-25 07:41