A Crypto market sale expanded to its second week when prices of Bitcoin (BTC) stood at nearly $ 80,000 late Sunday, triggering a new fall in larger tokens and altcoins.

Dogecoin (DOGE) and Cardanos Ada LED losses with an almost 10% decline over the last 24 hours, data shows where XRP falls more than 7%. The BNB chain’s BNB, Ether (Eth) and Trons TRX) dropped 5%while BTC lost 4%.

This has sent the good subsequent crypto fear and green index to a perennial low reading of 17-what indicates ‘extreme fear’ at its lowest level since mid-2023.

The index measures investor emotions and ranges from 0 (lowest mood) to 100 (highest mood), which helps identify if investors are too scared (potential shopping) or too greedy (possible market correction).

It is based on award volatility, momentum, mood on social media, Google Trends data and Bitcoin’s total market share. It tends to act as a counter -indicator in the short term.

Larger tokens has fully pared all winnings after President Donald Trump announced a strategic cryptor reserve in the United States earlier this month, sending the tokens XRP, Solana’s sun and Ada higher with up to 60% in days after.

Dealers expected wind fall plans to buy pressure from the United States for Majors, but hope was released when Trump reused previously seized BTC holdings as a reserve and said non-BTC seized assets would be considered a ‘stock’ of tokens.

Then an expected crypto summit in the White House ended the Mar.7 in an “Nothing Burger” without the expected bold messages. The summit resulted in a framework for stablecoin legislation before August and a promise of lighter regulation, but these results did not stimulate the market as expected.

Losses were enlarged when the global markets got a hit in the midst of an ongoing customs war that was caused by Trump and other world leaders. A broadly tracked dollar index (DYX), a target for the US dollar strength, has been at the lowest since November to under 105 (a DXY index over 100 considered strong, which tends to put pressure on risk assets).

Dealers are now in a waiting-and-watch mode as they approach in the coming months, mainly eye on macroeconomic data and decisions for signals on further positioning.

“The summit signaled for more optimism,” Kevin Guo, director of Hashkey Research, told Coindesk in a telegram summary. “Despite the expectations of more significant messages such as crypto assets, we continue to follow shares in a negative trend in the wake of February’s job report, which generally saw stable results despite government job cuts.

“Investors do not expect a reverse of the trend when President of the Federal Reserve Jerome Powell assured that Fed will continue to show patience on an uneven path to an inflation rate of 2%, which further lowered the expectations of a rate cut this year,” Guo added.

Dealers have purchased short dated treasuries per day. Bloomberg, and expects the Federal Reserve to resume cut-off rates as soon as May to prevent the economy from exacerbating signs of hope for cryptobulls and lower interest rates tend to create influx into more risky assets.