Extreme Fear Replaces Greed in Crypto Market After $120 Billion Drawdown

The Crypto Fear and Greed Index fell to 24 on January 21, 2026, signaling a sharp return to extreme fear after briefly entering greed territory last week. Market sentiment has deteriorated sharply as cryptocurrencies face another major drawdown amid escalating geopolitical tensions. Crypto Market Sentiment Collapses Into Extreme Fear BeInCrypto reported earlier this week that President Trump’s tariff threats against the European Union sparked a wider market sell-off, weighing heavily on risk assets. The pressure intensified on Tuesday source: https://beincrypto.com/crypto-sentiment-extreme-fear-january-2026/