Crypto fear deepens as Bitcoin and Ethereum extend pullback
Crypto market sentiment has slipped deeper into fear territory as Bitcoin and Ethereum extend their recent pullback, reinforcing a cautious risk-off tone across the market.
The Crypto Fear and Greed Index fell to 28, firmly within the “fear” zone. While this marks a deterioration in sentiment compared with earlier in January, price action across major assets suggests controlled selling rather than disorderly capitulation.
Fear returns as sentiment weakens
According to CoinMarketCap data, the Fear and Greed Index is now well below neutral levels. The current reading of 28 follows 34 last week and 29 a month ago, highlighting a steady erosion in confidence as prices trend lower.
Source: CoinMarketCap
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