Crypto Market Nosedives as Fear and Greed Index Crashes, Putting Recovery Plans on Pause

Ethereum, Dogecoin, Bitcoin, Solana, Chai link, Polkadot, and more follow the same trail. Ethereum dropped to a recent low of $2100.

Crypto prices today: Bitcoin, Ethereum, Solana, and other crypto prices have been closely following the path to recovery since last week. However, a recent crash in the fear and greed index has put a pause on all recovery plans.

Ethereum, Dogecoin, Bitcoin, Solana, Chainlink, Polkadot, and other crypto prices followed a similar trend. Ethereum dropped to a recent low of $2,100, indicating a 1.33% down move for the day. Notably, the token is now trading 47% lower than its highest level in the past year.

Speaking of Dogecoin, the price slip was moderate. However, on the brighter side, Dogecoin is up by 2.42% today. Ripple was the only one that showed the least resistance to the trend.

Ripple’s XRP is up by 7.02% today. However, the bigger picture is not something to be excited about. XRP dropped to $1.8010, indicating a 47% downfall.

Solana, Polkadot, and Chainlink were among the other big-time losers. All three faced a loss of over 10% on Monday. However, President Donald Trump has promised to push the market bullish for altcoins.

Taking the cue, the traders’ community has kept their faith in altcoins. As a result, many of them are seen approaching their weekly opening levels.

The entire crypto journey in a nutshell

The crypto market has been hit by a relentless storm. The total market cap has reduced to a mere $3 trillion.

The figures were released on Monday. Since then, the trader community has undertaken a strong sell-off drive. By Friday, only a $0.3 trillion recovery was seen.

Trader’s takeaway

Altcoins are still holding their ground. Traders are expecting the top five altcoins to create a bullish streak once again. It could be the first hammer candlestick (weekly) of 2025. On the downside, the candle has a long lower shadow with a small body.

However, it is a good reversal token, signaling traders to start buying in once again! Let’s see how the community reacts. Will it be a potential rebound or a flat line?