Prices Little Changed as Extreme Fear Weighs on Altcoins
The crypto market began the week as it ended the last: little changed in the past 24 hours as sentiment slumped back into the “extreme fear” zone.
Bitcoin now trades at $89,900, rising from Sunday’s low of $88,000 and continuing to show weakness after reaching a high of $94,300 after the Federal Reserve’s 25 basis-point interest-rate cut last week.
Volatility across the altcoin market is also waning with a handful of tokens including ether and rising by less than 2% over the past 24 hours, while more than half of the top 100 tokens are in the red over the same period.
The CoinDesk 20 (CD20) Index is up by 0.16% on Monday while the CoinDesk 80 (CD80), which is a broader basket of crypto tokens, is down…
