Virtual asset market cap evaporates by 200 trillion won due to US mutual tariffs… Investment sentiment turns to ‘extreme fear’ [Decenter Market Status]

The cryptocurrency market cap evaporated by 200 trillion won in a single day due to the mutual tariff imposed by U.S. President Donald Trump. The cryptocurrency investment sentiment has also significantly contracted, returning to 'extreme fear' for the first time in a month.

According to the global cryptocurrency market site CoinMarketCap on the morning of the 4th, BTC was traded at $82,747.09 at 8 AM. This is a 0.31% decrease from the previous day. At the same time, the altcoin leader Ethereum (ETH) recorded a 0.88% increase at $1,813.34. XRP rose by 2.28%, trading at $2.064 per coin. Solana (SOL) dropped 2.5% to $117.02.



On the domestic exchange Bithumb, BTC recorded a 1.10% increase from the previous day at 122,733,000 won. ETH rose 2.71% to 2,690,000 won, and XRP traded 4.13% higher at 3,053 won.

Due to the mutual tariff announced by President Trump the previous day, the cryptocurrency market saw approximately $150 billion (about 217.83 trillion won) in market capitalization evaporate in a single day. The total cryptocurrency market cap that day was about $2.64 trillion (about 3,838.08 trillion won), a 5% sharp decline from about $2.79 trillion (about 4,051.64 trillion won) recorded just before the mutual tariff announcement.

The cryptocurrency investment sentiment has also frozen. The Crypto Fear and Greed Index by cryptocurrency data analysis firm Alternative.me plummeted 19 points from the previous day to 25 points, entering the 'extreme fear' zone. This is the first time the index has shifted to 'extreme fear' in a month. The Fear and Greed Index indicates a contracted investment sentiment as it approaches 0, and market overheating as it approaches 100.

Reporter Kim Jung-woo

woo@sedaily.com