Market Overview

The crypto market cap has lost about 3.5% over the past 24 hours to $2.25 trillion. At its lowest point at the start of the day, the price fell to $2.22 trillion, which is not far from the lows of February 5–6. It seems that bears have gathered enough strength to try to complete the consolidation of the last couple of weeks during the hours of lowest liquidity. Among the top coins, Solana and Bitcoin Cash are taking the biggest hit, losing over 7%, while Tron is doing better than most, losing only 0.3%.

The sentiment index fell to 5, repeating the lows of February 12 and dropping this low for only the third time in history. According to the indicator, such a decline is a good point for long-term purchases. However,…