Bitcoin sentiment hits lowest since 2022 as Fear & Greed Index drops to 10. Bitcoin funds lose $3B in 7 days, with BlackRock ETF seeing a record $420M single-day exit. Bitcoin Pepe offering Layer-2 meme coins on Bitcoin offers an alternative with its ongoing presale.

Bitcoin’s recent tumble has sent shockwaves through the crypto market, with the Crypto Fear & Greed Index plunging to its lowest level in over two years, signaling extreme fear among investors.

Macroeconomic uncertainties, fueled by threats of trade tariffs from US President Donald Trump, have only added to the unease.

However, amid this bleak backdrop, a new project dubbed Bitcoin Pepe is emerging as a potential alternative for crypto enthusiasts.

The Crypto Fear & Greed Index recently hit a score of 10, its lowest since June 2022. That period saw major crypto collapses like Three Arrows Capital and Terraform Labs, sparking widespread panic. Today, the sentiment echoes that fear, even without similar crashes.

Bitcoin’s price has dropped nearly 16% in the past 30 days, hovering around $86,304. Analysts pin this on macroeconomic pressures, including Trump’s reaffirmed 25% tariffs on Canada and Mexico, with threats aimed at the European Union stoking fears of a trade war.

Bitcoin investment products, particularly US spot Bitcoin ETFs, are bleeding cash. Over seven days, $3 billion flowed out, including a record $420 million single-day exit from BlackRock’s iShares Bitcoin Trust. Funds like Ark 21Shares and Grayscale saw heavy withdrawals too.

However, some analysts remain hopeful. Ben Simpson of Collective Shift says buying during extreme fear often pays off historically.

But Arthur Hayes warns of a drop to $70,000. Ki Young Ju notes 30% corrections are normal in bull cycles, citing a 53% dip in 2021 that Bitcoin overcame.

Amid the volatile crypto market, Bitcoin Pepe is stepping up as a fresh option in the stormy market with its ongoing presale. With the “World’s Only Bitcoin Meme ICO,” the project aims to bring Solana-like perks of speed and low fees to Bitcoin’s sturdy network. It’s a Layer-2 solution built for meme coins.

The PEP-20 standard is its backbone. It lets anyone launch meme coins on Bitcoin, tapping into the blockchain’s unmatched resilience. Bitcoin’s staying power makes this a big deal.

Bitcoin Pepe’s presale is rolling along in Stage 5 of 30, having raised $3,632,454 at press time, with the BPEP token priced at $0.0255 and set to rise to $0.0268 in the next stage. This tiered pricing shows a deliberate rollout plan aimed to incentivize early investors.

As Bitcoin Pepe rides the meme coin wave, blending it with Bitcoin’s strength with instant transactions and tiny fees to draw users tired of Bitcoin’s usual costs, its presale offers a compelling haven for those who want to hedge against the current market turmoil.

Looking ahead, the project’s roadmap hints at future growth with talk of partnerships and integrations.

The post Bitcoin Pepe turns into a compelling alternative amid a bleak Bitcoin sentiment appeared first on CoinJournal.

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