12:41 - 27.02.2025

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February 27, Fineko/abc.az. Amid the ongoing market correction, the cryptocurrency fear and greed index declined to 10 points, corresponding to the zone of extreme panic.

ABC.AZ informs that the last time such values were observed was in June 2022.

On February 26-27, the bitcoin price reached a local low at around $82,256 on the Binance exchange. The decline in the last seven days has exceeded 11%, according to CoinMarketCap.

The likely reason for the market turbulence is deterioration of the macroeconomic background with introduction of 25% duties by U.S. President Donald Trump on trade with the EU, which also negatively affected S&P 500 index.

CryptoQuant CEO Ki Yong-joo urged market participants not to panic.

Bitfinex analysts called the current market correction "critical".

According to their observations, the correlation of the first cryptocurrency with traditional financial markets is increasing. The decline in investor activity is supported by macroeconomic instability.