Bitcoin, Ethereum, Dogecoin Plunge Amid Meme Coin Crash As Fear & Greed Index Hits Lowest Since September
Bitcoin, Ethereum, and Dogecoin tumbled as the meme coin market plunged over 14%, dragging the broader crypto market down more than 5%. Bitcoin (BTC) slid 7.4%, Ethereum (ETH) slumped 13.5%, and Dogecoin plummeted 13% in the past 24 hours. Crypto Fear & Greed Index Hits Lowest Since September The plunge in the crypto market was accompanied by a sharp drop in investor sentiment, with the Crypto Fear and Greed Index shedding 24 points to enter an “Extreme Fear” reading of 25, the lowest since September last year. After a sharp rally fired by Donald Trump’s election victory, sentiment has soured following a series of risk-off developments. First, the Federal Reserve spooked markets by turning more cautious on the outlook for interest rate cuts. That was followed by a meme coin scandal around the Libra meme coin that embroiled Argentine President Javier Milei. Things worsened on Friday when crypto exchange Bybit was hit with a $1.5 billion hack, the industry...