Key points

  • The Crypto Fear and Greed Index has dropped to 29.
  • Bitcoin dropped to around $73,708 over the weekend.
  • Ethereum is declining toward $2,120.

After Bitcoin and Ethereum experienced sharp declines over the weekend, the cryptocurrency market opened the new week under pressure. Investor sentiment remains in the "fear" zone due to regulatory uncertainty, security concerns, and a new wave of selling.

The Crypto Fear and Greed Index shows increased anxiety.

On Monday, the Crypto Fear and Greed Index stood at 29 out of 100, indicating a "fear" sentiment in the market. In comparison, it was 28 the previous day, 37 a week ago, and 64 a month ago, when market sentiment was clearly in the "greed" zone.

Crypto Fear and Greed Index

Bitcoin falls below $74,000

Bitcoin struggled to maintain upward momentum over the weekend, trading around $75,700 on Saturday, followed by increased selling pressure on Sunday. By late Sunday, the cryptocurrency dropped as low as approximately $73,708, reaching its lowest level since August.

Bitcoin rebounded to around $75,000 earlier on Monday, but this rally did not reverse the overall weak trend.

The $73,700 to $74,000 range is now a key area to watch. A sustained rebound above $76,000 could improve short-term sentiment, while a break below the weekend low may expose Bitcoin to further downside.

Ethereum experienced a deeper decline over the weekend.

Ethereum experienced a steeper decline. The token traded near $2,240 on Saturday and faced significant pressure on Sunday. During the selling pressure, Ethereum dropped approximately 5% to $2,223.

Ethereum performed weaker, indicating that investors are particularly reluctant to maintain exposure to higher-risk crypto assets.

The $2,100 to $2,120 range is now a key short-term support area. A rebound above $2,240 could provide early signs that selling pressure is easing.

What’s next for the crypto market?

With the Fear & Greed Index still below 30, traders will monitor whether Bitcoin can hold above its weekend low and whether Ethereum can reclaim lost ground.

Before buying momentum strengthens, the cryptocurrency market may still be susceptible to further volatility.

Danielle Walgenbach

Danielle is a journalist covering cryptocurrency and financial markets. With over four years of reporting experience, she specializes in breaking down complex financial and economic topics into clear, well-researched stories.