The Crypto Fear & Greed Index has slid into “Fear” territory for the first time since April,
This followed a $100 billion wipeout in total market cap, which dropped 5.6% in the past 24 hours.
Whale activity surged, with $600M moved into exchanges and over $25B in Bitcoin transferred.
The cryptocurrency market took a sharp turn this week, with the Crypto Fear & Greed Index slipping into “Fear” territory for the first time since April 22, 2025. A brutal 5.6% drop in total market capitalization erased over $100 billion in value, dragging Bitcoin, Ethereum, and the broader altcoin landscape into a steep correction.
The Crypto Fear & Greed Index hit “Fear” for the first time since Apr 22, 2025, after a 5.6% drop in total crypto market cap today.
Where do you stand on the scale? pic.twitter.com/zX3rtU7zys
— CoinGecko (@coingecko) June 6, 2025
Bitcoin fell to $103K at press time, while Ethereum dropped to the critical $2,400 level. Altcoins bled substantially as well with AVAX crashing 4.43%, DOGE dropping 7.41% and PEPE nosediving almost 6%, as per CoinMarketCap data.
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