Crypto Market Slumps: Altcoins Fall and Fear & Greed Index Hits 29

Updated

October 23, 2025

Gambar Crypto Market Slumps: Altcoins Fall and Fear & Greed Index Hits 29

Jakarta, Pintu News – The crypto market today is again mired in deep fear. The Fear and Greed Index, which is an important benchmark in measuring market sentiment, has dropped to 29 from this year’s peak of 85.

This decline signals widespread concern among investors and traders. Bitcoin and most altcoins saw declines, with Bitcoin (BTC) itself dropping to $106,825 from this week’s peak of $113,965.

Bitcoin (BTC) Sharp Drop

Bitcoin (BTC), as the cryptocurrency with the largest market capitalization, experienced a significant drop of 14.6% from its high point this year. This decline reflects the widespread negative sentiment in the crypto market. Investors are still recovering from the massive $20 billion liquidation that took place earlier this month, which saw more than 1.6 million traders liquidated in the largest event ever recorded.

The decline was also influenced by expectations of the US inflation report to be released on Friday. This report is highly anticipated as it will be the only official report released this month due to the government shutdown. If the report shows higher than expected inflation, this could reduce the likelihood of an interest rate hike.

Altcoins Slump

altcoin season index chart — Source: CMC

Altcoins, which are often more speculative compared to Bitcoin (BTC), have also seen dramatic declines. Some of the altcoins that have seen the biggest drops are Aster , MYX Finance, Celestia , and Dash, all of which are down more than 10% in the past 24 hours.

This drop adds pressure to an already fragile crypto market. The Altcoin Season Index, which measures the performance of altcoins compared to Bitcoin (BTC), also showed a sharp decline.

Many altcoins have lost more than 50% of their highest value in September. This shows that altcoins are more vulnerable to changes in market sentiment and often experience sharper declines compared to Bitcoin (BTC) when the market goes negative.

Conclusion

The crypto market is currently in a difficult period. The low Fear and Greed Index and sharp declines in most cryptocurrencies indicate that uncertainty still dominates. Investors and traders are expected to remain vigilant and consider the risks more carefully amidst this continued uncertainty.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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