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Crypto sentiment flips to ‘Fear’ as Bitcoin plunges after Trump’s tariffs

Crypto market sentiment has sharply declined to a level of 27, categorizing it as ‘Fear,’ following US President Donald Trump’s announcement of a 100% tariff on imports from China. This drop represents a significant 37-point fall from the previous day’s ‘Greed’ score of 64. Bitcoin briefly fell to $102,000 after this announcement, despite reaching record highs earlier in the week at $125,100. Analysts note that about $19.27 billion in long and short positions were liquidated across the market. Despite this downturn, Bitwise’s head of research indicated that the company’s intraday crypto asset sentiment index showed a ‘strong contrarian buying signal,’ reaching its lowest since summer 2024. Furthermore, social media reactions to Bitcoin's recent price surge were notably subdued compared to previous peaks, indicating a lack of the usual euphoria among crypto enthusiasts. This shift in sentiment echoes similar patterns observed earlier in the year when Bitcoin’s price was affected by trade tensions and tariffs.

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Gold-Backed Tokens Hold Firm in $19B Crypto Rout, But Rally May Be Near Exhaustion

In a recent crypto market downturn where major coins like bitcoin and ether saw significant declines, gold-backed digital assets like Paxos’ PAXG and Tether’s XAUT remained relatively stable. These tokens, tied to physical gold, provided a refuge for investors, posting over 50% gains year-to-date, reflective of gold's

Galaxy Digital Raises $460M to Build Texas AI Data Center

Galaxy Digital, led by Mike Novogratz, has raised $460 million through a private investment to transform its former Bitcoin mining operation in Texas into a large-scale AI data center. The investment, made by one of the world's largest asset managers, will fund the expansion of the Helios campus,

Bitcoin wobbles at $110K as trader says $20B liquidation rout not 'bottom'

Bitcoin remained near three-week lows following a record $20 billion liquidation event, spurring cautions that the market bottom is still not reached. Pressure on the $110,000 support level persisted, with Bitcoin (BTC) and altcoins impacted significantly by this unprecedented liquidation event. Traders indicated an ongoing cleanse of market exuberance

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