Crypto Market Gripped by Extreme Fear: Fear and Greed Index Inches Up to 24

Market sentiment in the cryptocurrency space remains deeply pessimistic, with the latest fear and greed index reading of 24 indicating investors are still firmly entrenched in extreme fear territory. According to Coinglass data, while the index climbed 3 points from yesterday’s level, this modest uptick does little to ease underlying anxiety pervading the market.

The broader picture reveals how entrenched negative sentiment has become. Over the past week, the 7-day average fear and greed index languished at just 17, while the 30-day moving average sits at 21. These persistently low readings underscore the sustained pessimism that continues to dominate market participant behavior and decision-making.

An index reading of 24 places crypto markets squarely in the extreme fear zone on the fear and greed spectrum. This level typically signals that panic selling and risk aversion are the dominant forces shaping price action, as investors rush to de-risk their portfolios. The slow recovery trajectory—gaining just 3 points—suggests that confidence restoration remains a gradual process, with market participants still cautious about near-term recovery prospects.