Crypto markets fell sharply with the Fear and Greed Index plunging to 16, indicating extreme fear, the lowest since December 2025. Bitcoin dropped about 7% to $82,000 due to uncertainty over the Federal Reserve Chair nominee and a surge of $1.8 billion in leveraged long liquidations. Despite favorable macro conditions, Bitcoin continues to lag behind gold, which recently hit a new all-time high amid rising geopolitical tensions.

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