Punitive tariffs against Mexico, Canada and China could go into effect on Tuesday.
What to know:
- Bitcoin bounced during U.S. hours Friday as the Crypto Fear & Greed Index overnight hit levels not seen since the depths of the 2022 bear market.
- Weekends have not been kind to crypto prices for a long string of weeks.
- The bad news this time around, however, might be more than priced in.
The price of bitcoin (BTC) in U.S. Friday morning trade has bounced back to about $84,000 after an overnight plunge to the $78,000 area, but still remains lower by more than 15% from its level of only one week ago.
The Crypto Fear & Greed Index overnight dipped to 10 — a level not seen since the depths of the 2022 bear market — but has also bounced, now residing at 16. That's still in the "extreme fear" range and well below last week's 55 (in the "greed" range). Levels above 75 are considered "extreme greed" and the index hasn't been there since around the time of Trump inauguration.
Even with the Friday gain, bitcoin is lower by more than 1% from 24 hours ago and the broader CoinDesk 20 Index is down roughly 2%.
Alone in the green among the major cryptos is solana (SOL), ahead 5% as the CME announced plans to add SOL futures to its crypto platform on March 17. SOL, however, remains off by 36% over the past month and well beneath the levels it was at prior to the November election victory of Donald Trump.
