The broader cryptocurrency market is losing its risk-on sentiment as Bitcoin (BTC) trades below $77,000 at press time on Wednesday. A drop in BTC futures Open Interest reflects weakness in the leverage market. Still, Humanity Protocol (H), Pump.fun (PUMP), and Bittensor (TAO) maintain the lead over the last 24 hours.

Crypto market sentiment weakens

Bitcoin slipped below $77,000 after two consecutive days of losses earlier this week, reflecting weakness in the broader market sentiment. CoinMarketCap’s Fear and Greed Index at 41 shows waning risk-on sentiment among investors, which could flash increased fear if it drops below 40. 

On the derivatives side, Bitcoin futures Open…