Amid market panic triggered by U.S. President Donald Trump’s “liberation” tariffs, the cryptocurrency Fear and Greed Index plummeted to 25 points.

In just one day, the index fell to 20, signaling “extreme fear.”

The Fear and Greed Index for the stock market also reflects panic.

On April 3, the U.S. stock market lost $1.65 trillion.

Axios warned of the onset of the “third global recession.” The publication noted that such events occurred twice after World War II — during the 2008-2009 financial crisis and the COVID-19 pandemic in 2020.

If Trump’s “Liberation Day” tariffs remain in effect, particularly with retaliatory measures from affected countries, they could trigger the third economic shock of this magnitude in the last 17 years.

Earlier, on April 3, a theory emerged suggesting that the new tariffs were developed by artificial intelligence.

The Guardian pointed out that the announcement of retaliatory tariffs against U.S. trade partners could set off a chain reaction, potentially escalating into a “global economic war.”