The Crypto Fear & Greed Index experienced a notable decline from a high of 78 to a neutral level of 50 between May 30 and May 31, 2025. This drop in market sentiment coincided with a fall in Bitcoin prices from around $109,000 to approximately $104,500. Throughout May 30, the index remained in the Greed zone, fluctuating around 60, with Bitcoin prices holding near $106,000. However, by May 31, the index shifted to Neutral, reflecting a cooling off in investor enthusiasm as Bitcoin dipped below $104,000 and Ether traded below $2,600. On May 30, the sentiment drop was partly linked to a U.S. court blocking most of former President Donald Trump's tariffs. By June 1, the index showed a slight rebound to 56, with Bitcoin prices near $104,470. The overall trend indicates a transition from elevated risk appetite to a more cautious market stance among cryptocurrency investors during this period.