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Bitcoin stalls amid weak market sentiment – Terra Classic and Zcash struggle to hold gains

Bitcoin stalls amid weak market sentiment – Terra Classic and Zcash struggle to hold gains

Bitcoin (BTC) trades above $76,000 at press time on Friday, holding steady amid a lukewarm broader market sentiment. Terra Classic (LUNC) and Zcash (ZEC) trade under pressure, struggling to sustain yesterday’s gains.

Market sentiment leans bearish

CoinMarketCap’s Crypto Fear and Greed Index stands at 41 on Friday, hovering near the boundary between the neutral and fear zones, suggesting that risk-off sentiment is tightening its grip on investors.

Crypto Fear and Greed Index. Source: CoinMarketCap

Bitcoin holds at key support

Bitcoin shows a near‑term upside bias as the 100-day Exponential Moving Average (EMA) at $75,719 halts the three-day decline. The Moving Average Convergence Divergence (MACD) indicator remains negative and below its…

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