{"id":134168,"date":"2025-03-10T11:11:14","date_gmt":"2025-03-10T11:11:14","guid":{"rendered":"https:\/\/www.botslash.com\/uncategorized\/doge-ada-xrp-tank-10-as-market-sentiment-index-flashes-extreme-fear-falls-to-nearly-17-month-low\/"},"modified":"2025-03-10T11:11:14","modified_gmt":"2025-03-10T11:11:14","slug":"doge-ada-xrp-tank-10-as-market-sentiment-index-flashes-extreme-fear-falls-to-nearly-17-month-low","status":"publish","type":"post","link":"https:\/\/www.botslash.com\/en\/market\/doge-ada-xrp-tank-10-as-market-sentiment-index-flashes-extreme-fear-falls-to-nearly-17-month-low\/","title":{"rendered":"DOGE, ADA, XRP Tank 10% as Market Sentiment Index Flashes &#8216;Extreme Fear&#8217;, Falls to Nearly 17 Month Low"},"content":{"rendered":"<header data-module-name=\"navigation\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"top-0 z-[100] bg-white\">\n<div class=\"bg-white\">\n<div class=\"relative box-content flex h-9 items-center justify-between overflow-x-hidden\">\n<div class=\"animate-scroll absolute left-[52px] flex h-full items-center overflow-x-visible lg:left-[72px] paused\"><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>BTC<\/p>\n<p>$82,194.02<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>4.25%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/ethereum\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>ETH<\/p>\n<p>$2,069.59<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>4.96%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/tether\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>USDT<\/p>\n<p>$1.0005<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>0.07%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/xrp\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>XRP<\/p>\n<p>$2.1809<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>6.02%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/binance-coin\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>BNB<\/p>\n<p>$564.70<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>3.30%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/solana\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>SOL<\/p>\n<p>$127.82<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>8.21%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/usd-coin\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>USDC<\/p>\n<p>$1.0003<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>0.07%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/cardano\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>ADA<\/p>\n<p>$0.7441<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>7.82%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/dogecoin\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>DOGE<\/p>\n<p>$0.1730<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>8.83%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/tron\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>TRX<\/p>\n<p>$0.2336<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>3.32%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/wrapped-bitcoin\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>WBTC<\/p>\n<p>$82,077.06<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>4.25%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/unus-sed-leo\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>LEO<\/p>\n<p>$9.9034<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>+<\/p>\n<p>2.11%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/chainlink\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>LINK<\/p>\n<p>$14.04<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>6.43%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/hbar\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>HBAR<\/p>\n<p>$0.2084<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>6.12%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/xlm\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>XLM<\/p>\n<p>$0.2645<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>4.85%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/avax\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>AVAX<\/p>\n<p>$18.24<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>8.66%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/sui\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>SUI<\/p>\n<p>$2.3575<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>5.34%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/shiba-inu\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>SHIB<\/p>\n<p>$0.0\u20841232<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>1.66%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/ltc\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>LTC<\/p>\n<p>$95.76<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>4.57%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><a title=\"View price details\" class=\"align-center bg-charcoal-25 flex h-full flex-shrink-0 cursor-pointer text-xs\" href=\"https:\/\/www.coindesk.com\/price\/bitcoin-cash\" target=\"_blank\" rel=\"noopener\"><\/p>\n<div class=\"flex h-full min-w-0 items-center whitespace-nowrap px-4\">\n<p>BCH<\/p>\n<p>$355.08<\/p>\n<div class=\"ml-1 inline-flex items-center justify-center gap-1\">\n<div class=\"text-charcoal-600 flex truncate font-mono font-normal\">\n<p>&#8211;<\/p>\n<p>6.05%<\/p><\/div>\n<\/div>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<div class=\"relative flex h-[4rem] items-center justify-between border-b border-b-gray-300 p-0 md:p-[1.25rem]\">\n<div class=\"flex h-full items-center\"><a class=\"px-4\" href=\"https:\/\/www.coindesk.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" alt=\"Logo\" width=\"169\" height=\"32\" data-nimg=\"1\" class=\"h-full max-h-[32px] w-[124px] max-w-[124px] sm:w-auto md:w-[169px] md:max-w-[169px]\" src=\"https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcoindesk-next-8hg68wcvj-coindesk.vercel.app%2F_next%2Fstatic%2Fmedia%2Fcoindesk-logo.68661da3.png&amp;w=384&amp;q=75\" \/><\/a><\/div>\n<\/div>\n<\/div>\n<\/header>\n<section data-module-name=\"page\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"flex-grow container\">\n<div class=\"pt-8 grid grid-cols-4 gap-2 md:grid-cols-8 md:gap-4 lg:grid-cols-12 xl:grid-cols-16 items-stretch\">\n<div class=\"article-content-wrapper font-title_5 text-charcoal-600 tracking-normal flex justify-between m-auto items-center row-start-1\">\n<p><a class=\"uppercase\" href=\"https:\/\/www.coindesk.com\/markets\" target=\"_blank\" rel=\"noopener\">Markets<\/a><\/p>\n<div data-submodule-name=\"social-share\" class=\"relative\">\n<div class=\"fixed left-0 top-auto h-[300px] right-0 bottom-0 md:absolute md:bottom-auto md:left-auto md:top-[calc(100%_+_8px)] md:h-max md:right-[-3px] md:transition-none z-[100] bg-[#fff] p-8 shadow rounded-lg translate-x-0 transition-transform translate-y-full md:hidden&#010;&#009;&#009;&#009;&#009;&#009;\">Share this article<\/div>\n<\/div>\n<\/div>\n<div data-module-name=\"article-header\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"article-content-wrapper flex flex-col gap-4 row-start-2\">\n<div class=\"flex flex-col gap-4\">\n<p>By <a class=\"hover:underline\" href=\"https:\/\/www.coindesk.com\/author\/shaurya-malwa\" target=\"_blank\" rel=\"noopener\">Shaurya Malwa<\/a>|Edited by <a class=\"hover:underline\" href=\"https:\/\/www.coindesk.com\/author\/parikshit-mishra\" target=\"_blank\" rel=\"noopener\">Parikshit Mishra<\/a><\/p>\n<p>Mar 10, 2025, 8:04\u202fa.m.  UTC<\/p>\n<\/div>\n<\/div>\n<div class=\"article-content-wrapper flex flex-col justify-end gap-4 row-start-3 empty:hidden\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" alt=\"Fear and greed index falls to new low, last seen in Oct 2023. (Chris Charles\/Unsplash)\" width=\"6127\" height=\"4087\" data-nimg=\"1\" class=\"rounded-md\" src=\"https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Ff4a5bb27b53584ec903caf731ee7a528cbc84d3b-6127x4087.jpg%3Fauto%3Dformat&amp;w=3840&amp;q=75\" \/><\/figure>\n<div class=\"py-8 mt-4 mb-8 border-y border-solid border-charcoal-50\">\n<div class=\"document-body [&amp;_ul_li::before]:bg-new-yellow [&amp;_ol_li::before]:text-new-yellow [&amp;_ol_li::before]:text-medium [&amp;_ol_li::before]:leading-9 [&amp;_ol_li::before]:content-[counter(ol-counter)] font-body-lg\">\n<ul class=\"unordered-list\">\n<li>The crypto market is experiencing a significant sell-off, with bitcoin prices dropping to nearly $80,000 and major tokens and altcoins, including Dogecoin and Cardano&#8217;s ADA, also seeing substantial losses.<\/li>\n<li>The crypto fear and greed index has hit a multi-year low, indicating &#8216;extreme fear&#8217; among investors, following the lack of impactful announcements at the White House Crypto Summit and ongoing global tariff wars.<\/li>\n<li>Traders are now cautiously observing macroeconomic data and decisions, with some buying short-dated treasuries in anticipation of the Federal Reserve cutting interest rates as soon as May.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div data-module-name=\"article-body\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"article-content-wrapper\">\n<div class=\"document-body  font-body-lg\">\n<p>A crypto market sell-off extended into its second week as bitcoin (BTC) prices stooped to nearly $80,000 late Sunday, triggering a fresh decline in major tokens and altcoins.<\/p>\n<p>Dogecoin (DOGE) and Cardano\u2019s ADA led losses with a nearly 10% slump over the past 24 hours, data shows, with XRP falling more than 7%. BNB Chain\u2019s BNB, ether (ETH) and tron&#8217;s TRX) fell 5%, while BTC lost 4%.<\/p>\n<div class=\"flex flex-col gap-2\">\n<p>Story continues<\/p>\n<div data-module-name=\"newsletter-article-sign-up-module\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"border p-6 md:p-10 lg:p-6\">Don&#8217;t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.<a class=\"font-medium\" href=\"https:\/\/www.coindesk.com\/newsletters\" target=\"_blank\" rel=\"noopener\">See all newsletters<\/a>By signing up, you will receive emails about CoinDesk products and you agree to our<a class=\"border-b-[1px] border-black !no-underline\" href=\"https:\/\/www.coindesk.com\/terms\" target=\"_blank\" rel=\"noopener\">terms of use<\/a>and<a class=\"border-b-[1px] border-black !no-underline\" href=\"https:\/\/www.coindesk.com\/privacy\" target=\"_blank\" rel=\"noopener\">privacy policy<\/a>.<\/div>\n<\/div>\n<p>This has sent the well-followed <a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/charts\/fear-and-greed-index\/\" rel=\"noopener\">crypto fear and green index<\/a> to a multi-year low reading of 17 \u2014 which indicates \u2018extreme fear\u2019 \u2014 in its lowest level since mid-2023.<\/p>\n<p>The index measures investor emotions and ranges from 0 (lowest sentiment) to 100 (highest sentiment), helping identify whether investors are too scared (potential buying opportunity) or too greedy (possible market correction).<\/p>\n<p>It is based on price volatility, momentum, social media sentiment, Google trends data, and bitcoin\u2019s overall market share. It tends to act as a contrarian indicator in the short term.<\/p>\n<figure><img decoding=\"async\" alt=\"(CoinMarketCap)\" width=\"1117\" height=\"551\" data-nimg=\"1\" class=\"rounded-md\" src=\"https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fdcbfca117ba19b7a616839b8266c3130944b1bee-1117x551.png%3Fauto%3Dformat&amp;w=3840&amp;q=75\" \/><\/figure>\n<p>Major tokens have fully pared all gains made after President Donald Trump announced a strategic crypto reserve in the U.S. earlier this month, sending tokens XRP, Solana\u2019s SOL, and ADA higher by as much as 60% in days following.<\/p>\n<p>Traders expected windfall plans of buying pressure from the U.S. for majors, but hopes were doused as Trump repurposed previously seized BTC holdings as a reserve and said non-BTC seized assets would be considered a \u2018stockpile\u2019 of tokens.<\/p>\n<p>Then, an anticipated White House Crypto Summit on Mar.7 ended in a \u201cnothingburger\u201d without the expected bold announcements. The summit resulted in a framework for stablecoin legislation by August and a promise of lighter regulation, but these outcomes did not stimulate the market as anticipated.<\/p>\n<p>Losses were magnified as global markets took a hit amid an ongoing tariff war sparked by Trump and other world leaders. A widely tracked <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/07\/the-fourth-largest-dollar-index-weekly-drop-since-2013-signals-bitcoin-bottom\" target=\"_blank\" rel=\"noopener\">dollar index (DYX)<\/a>, a measure of the U.S. dollar&#8217;s strength, is at its lowest since November, to under 105 (a DXY index above 100 is considered strong, which tends to put pressure on risk assets).<\/p>\n<p>Traders are now in a wait-and-watch mode as they approach the coming months, mainly eying macroeconomic data and decisions for cues on further positioning.<\/p>\n<p>\u201cThe summit signaled for more optimism,\u201d Kevin Guo, Director of HashKey Research, told CoinDesk in a Telegram message. \u201cDespite expectations for more substantial announcements as crypto assets continue to follow US equities in a negative trend in the wake of February&#8217;s job report that saw generally stable results despite government job cuts.<\/p>\n<p>\u201cInvestors don&#8217;t expect a reverse of the trend as Federal Reserve Chairman Jerome Powell assured that the Fed will continue to show patience on a bumpy road to a 2% inflation rate, which further lowered expectations of a rate cut this year,\u201d Guo added.<\/p>\n<p>Traders have been buying short-dated treasuries, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-09\/stock-market-today-dow-s-p-live-updates?srnd=phx-markets&amp;sref=3REHEaVI\" rel=\"noopener\">per Bloomberg<\/a>, expecting the Federal Reserve to resume cutting interest rates as soon as May to keep the economy from deteriorating \u2014 a sign of hope for crypto bulls and lower rates tend to create inflow into riskier assets.<\/p>\n<\/div>\n<\/div>\n<div data-module-name=\"authors-block\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"article-content-wrapper mt-6 flex gap-8 justify-between\">\n<div class=\"flex flex-col\">\n<p class=\"my-2 line-clamp-3 text-charcoal-600 font-body\">Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.<br \/>\nShaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.<br \/>\nHe provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.coindesk.com\/author\/shaurya-malwa\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" alt=\"Shaurya Malwa\" width=\"512\" height=\"512\" data-nimg=\"1\" class=\"rounded-full min-w-16 min-h-16 w-16 h-16\" src=\"https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F1c7e071b6b9ef4d849b5edaa9d644a67043efe54-512x512.png%3Fw%3D64%26h%3D64%26fit%3Dcrop%26crop%3Dfocalpoint%26auto%3Dformat&amp;w=1080&amp;q=75\" \/><\/a><\/div>\n<\/div>\n<\/section>\n<footer data-module-name=\"footer\" data-module-version=\"1.0.0\" data-module-instance=\"default\" class=\"bottom-0 flex w-full flex-col items-center bg-[#FAFAFA] px-0 pb-[64px] pt-4 lg:pb-0\">\n<div class=\"container mx-auto xs:p-4 xs:grid-cols-4 xs:gap-4 sm:p-4 sm:grid-cols-4 sm:gap-4 md:p-6 md:grid-cols-8 md:gap-6 lg:p-6 lg:grid-cols-12 lg:gap-6 xl:p-6 xl:grid-cols-16 xl:gap-6\">\n<div class=\"max-w-[100%]\">\n<hr class=\"my-6 border-[#A6A6A6]\" \/>\n<div class=\"grid grid-cols-2 gap-8 lg:grid-cols-6\">\n<div class=\"column\" data-submodule-name=\"Contact\">\n<p class=\"font-title text-sm break-keep uppercase leading-[1.5] tracking-[0.1px] text-[#1A1A1A]\">Contact<\/p>\n<\/div>\n<div data-submodule-name=\"disclaimer\" data-submodule-version=\"1.0.0\" data-submodule-instance=\"default\" class=\"col-span-4 flex flex-col gap-4\">\n<p>DISCLOSURE &amp; POLICES<\/p>\n<p>CoinDesk is an <a rel=\"noopener noreferrer\" class=\"text-[#1A1A1A] underline\" href=\"https:\/\/www.coindesk.com\/business\/2023\/02\/20\/coindesk-wins-a-polk-award-a-top-journalism-prize-for-explosive-ftx-coverage\" target=\"_blank\">award-winning<\/a> media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of <a rel=\"noopener noreferrer\" class=\"text-[#1A1A1A] underline\" href=\"https:\/\/www.coindesk.com\/ethics\" target=\"_blank\">editorial policies<\/a>. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.<\/p>\n<p><a aria-label=\"Ethics\" href=\"https:\/\/www.coindesk.com\/ethics\" target=\"_blank\" rel=\"noopener\">Ethics<\/a><a aria-label=\"Privacy\" href=\"https:\/\/www.coindesk.com\/privacy\" target=\"_blank\" rel=\"noopener\">Privacy<\/a><a aria-label=\"Terms of Use\" href=\"https:\/\/www.coindesk.com\/terms\" target=\"_blank\" rel=\"noopener\">Terms of Use<\/a><a aria-label=\"Cookie Consent\">Cookie Consent<\/a><a aria-label=\"Do Not Sell My Info\" href=\"https:\/\/www.coindesk.com\/privacy#dnsmpi\" target=\"_blank\" rel=\"noopener\">Do Not Sell My Info<\/a><\/p>\n<\/div>\n<\/div>\n<hr class=\"my-6 border-[#A6A6A6]\" \/>\n<div class=\"xl:grid-cols-16 grid grid-cols-1 items-center gap-6 md:grid-cols-8 lg:grid-cols-12 lg:gap-0\">\n<p>\u00a9 2025 CoinDesk, Inc.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/footer>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u200bCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTC $82,194.02 &#8211; 4.25% ETH $2,069.59 &#8211; 4.96% USDT $1.0005 &#8211; 0.07% XRP $2.1809 &#8211; 6.02% BNB $564.70 &#8211; 3.30% SOL $127.82 &#8211; 8.21% USDC $1.0003 &#8211; 0.07% ADA $0.7441 &#8211; 7.82% DOGE $0.1730 &#8211; 8.83% TRX $0.2336 &#8211; 3.32% WBTC $82,077.06 &#8211; 4.25% LEO $9.9034 + 2.11% LINK $14.04 &#8211; 6.43% HBAR $0.2084 &#8211; 6.12% XLM $0.2645 &#8211; 4.85% AVAX $18.24 &#8211; 8.66% SUI $2.3575 &#8211; 5.34% SHIB $0.0\u20841232 &#8211; 1.66% LTC $95.76 &#8211; 4.57% BCH $355.08 &#8211; 6.05% Markets Share this article By Shaurya Malwa|Edited by Parikshit Mishra Mar 10, 2025, 8:04\u202fa.m. UTC The crypto market is experiencing a significant sell-off, with bitcoin prices dropping to nearly $80,000 and major tokens and altcoins, including Dogecoin and Cardano&#8217;s ADA, also seeing substantial losses. The crypto fear and greed index has hit a multi-year low, indicating &#8216;extreme fear&#8217; among investors, following the lack of impactful announcements at the White House Crypto Summit and ongoing global tariff wars. Traders are now cautiously observing macroeconomic data and decisions, with some buying short-dated treasuries in anticipation of the Federal Reserve cutting interest rates as soon as May. A crypto market sell-off extended into its second week as bitcoin (BTC) prices stooped to nearly $80,000 late Sunday, triggering a fresh decline in major tokens and altcoins. Dogecoin (DOGE) and Cardano\u2019s ADA led losses with a nearly 10% slump over the past 24 hours, data shows, with XRP falling more than 7%. BNB Chain\u2019s BNB, ether (ETH) and tron&#8217;s TRX) fell 5%, while BTC lost 4%. Story continues Don&#8217;t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy. This has sent the well-followed crypto fear and green index to a multi-year low reading of 17 \u2014 which indicates \u2018extreme fear\u2019 \u2014 in its lowest level since mid-2023. The index measures investor emotions and ranges from 0 (lowest sentiment) to 100 (highest sentiment), helping identify whether investors are too scared (potential buying opportunity) or too greedy (possible market correction). It is based on price volatility, momentum, social media sentiment, Google trends data, and bitcoin\u2019s overall market share. It tends to act as a contrarian indicator in the short term. Major tokens have fully pared all gains made after President Donald Trump announced a strategic crypto reserve in the U.S. earlier this month, sending tokens XRP, Solana\u2019s SOL, and ADA higher by as much as 60% in days following. Traders expected windfall plans of buying pressure from the U.S. for majors, but hopes were doused as Trump repurposed previously seized BTC holdings as a reserve and said non-BTC seized assets would be considered a \u2018stockpile\u2019 of tokens. Then, an anticipated White House Crypto Summit on Mar.7 ended in a \u201cnothingburger\u201d without the expected bold announcements. The summit resulted in a framework for stablecoin legislation by August and a promise of lighter regulation, but these outcomes did not stimulate the market as anticipated. Losses were magnified as global markets took a hit amid an ongoing tariff war sparked by Trump and other world leaders. A widely tracked dollar index (DYX), a measure of the U.S. dollar&#8217;s strength, is at its lowest since November, to under 105 (a DXY index above 100 is considered strong, which tends to put pressure on risk assets). Traders are now in a wait-and-watch mode as they approach the coming months, mainly eying macroeconomic data and decisions for cues on further positioning. \u201cThe summit signaled for more optimism,\u201d Kevin Guo, Director of HashKey Research, told CoinDesk in a Telegram message. \u201cDespite expectations for more substantial announcements as crypto assets continue to follow US equities in a negative trend in the wake of February&#8217;s job report that saw generally stable results despite government job cuts. \u201cInvestors don&#8217;t expect a reverse of the trend as Federal Reserve Chairman Jerome Powell assured that the Fed will continue to show patience on a bumpy road to a 2% inflation rate, which further lowered expectations of a rate cut this year,\u201d Guo added. Traders have been buying short-dated treasuries, per Bloomberg, expecting the Federal Reserve to resume cutting interest rates as soon as May to keep the economy from deteriorating \u2014 a sign of hope for crypto bulls and lower rates tend to create inflow into riskier assets. Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN. Contact DISCLOSURE &amp; POLICES CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. EthicsPrivacyTerms of UseCookie ConsentDo Not Sell My Info \u00a9 2025 CoinDesk, Inc. \u00a0 \u00a0 \u200bCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-134168","post","type-post","status-publish","format-standard","hentry","category-market"],"_links":{"self":[{"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/posts\/134168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/comments?post=134168"}],"version-history":[{"count":0,"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/posts\/134168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/media?parent=134168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/categories?post=134168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.botslash.com\/en\/wp-json\/wp\/v2\/tags?post=134168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}